Ericsson (NASDAQ:ERIC) Updates On Quarterly Dividend


As per Ericsson (NASDAQ:ERIC) statement on 2016-04-26, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.3 per share as dividend to stakeholders. The record date is set as 2016-04-15, the payout date as 2016-04-27 and the ex-dividend date is 2016-04-14.

Last fiscal Ericsson (NASDAQ:ERIC) disbursed cash dividend of $0.3. A year ago, the payout was $0.3, which indicates a difference of 69.2157%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.3, implying 21.2779% growth.

For the period ended on 2015-12-31, Ericsson (NASDAQ:ERIC)’s earnings came at $0.1 per share compared to EPS of $0.16 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-10-28. For this quarter, the analysts have earnings estimate of $0.13 per share.

The interim price target for Ericsson (NASDAQ:ERIC) is set at $6.7. 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 for Ericsson (NASDAQ:ERIC) is seen at $8.1 and the lowest level is established at $6. This broad range highlights a standard deviation of $1.212 in reported estimates.

Shares of the Ericsson (NASDAQ:ERIC) traded in the range of $7.34 to $7.4 and closed the last trading session at $7.35 on a volume of ((Volume:238}}.

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