As per STMicroelectronics N.V. (NYSE:STM)’s news release on 2016-08-11, its shareholders will get cash dividend of $0.051 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-20 and 2016-09-27, respectively.
The stock will commence trading ex-dividend from 2016-09-16, 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 STMicroelectronics N.V. (NYSE:STM) disbursed $0.051 in dividend compared to distribution of $0.051, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated STMicroelectronics N.V. (NYSE:STM) to attain a price target of $7.366. It is an average estimate figure given by 3 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $8. The low price range is set at $7 for next year while the arithmetic mean is seen at 2.6.
Eyeing Earnings STMicroelectronics N.V. (NYSE:STM) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.09 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, STMicroelectronics N.V. (NYSE:STM) earnings came at $0.04 suggesting a deviation of $0. The brokerages targeted EPS of $0.04 for the quarter.
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