STMicroelectronics N.V. (NYSE:STM) Updates On Dividend Release Date


On 2016-08-11, STMicroelectronics N.V. (NYSE:STM) confirmed the dividend disbursement of $0.051 a share to shareholders as on record 2016-09-20. The firm will release dividend on 2016-09-27 while ex-dividend date is reported to be 2016-09-16.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, STMicroelectronics N.V. (NYSE:STM) paid a total of $0.051 per share in dividends. This figure stood at $0.051 a share in the same period a year ago indicating a deviation of 0%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $7.366 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $8 and $7, respectively.

Taking the mathematical rating formula, the price for STMicroelectronics N.V. (NYSE:STM) stands at 2.6. Earnings Review STMicroelectronics N.V. (NYSE:STM) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-03. For the period ending on 2016-09-30, experts are expecting EPS of $0.09.

Coming to the quarter ending on 2015-12-31, STMicroelectronics N.V. (NYSE:STM) recorded EPS of $0.04. The reported numbers came lower than the analysts’ estimates of $0.04, demonstrating a miss of $0 as against reported figures.

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