As per Ericsson (NASDAQ:ERIC)’s news release on 2016-04-26, its shareholders will get cash dividend of $0.29983 per share. The recent press release updated on the record date and payout date, which stands at 2016-04-15 and 2016-04-27, respectively.
The stock of Ericsson (NASDAQ:ERIC) will commence trading ex-dividend from 2016-04-14, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Ericsson (NASDAQ:ERIC) disbursed $0.3 in dividend compared to distribution of $0.301, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 69.2157%.
The past track record of five years substantiates that the average payout of Ericsson (NASDAQ:ERIC) stands at $0.321, implying 21.2779% growth. The company recorded earnings of $0.16 a share in the preceding fiscal.
The interim price target for Ericsson (NASDAQ:ERIC) is set at $7.033. This level is the mean price reached by averaging the stock views of 3 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $8.1 and the lowest level is established at 6. This broad range highlights a standard deviation of $1.05 in reported estimates.
AlphaOne has allotted A sentiment score of -0.039 to Ericsson (NASDAQ:ERIC) while impact score assigned is 90 as on as on 2016-07-24.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...