As per Xilinx, Inc. (NASDAQ:XLNX)’s news release on 2016-07-28, its shareholders will get cash dividend of $0.33 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-11 and 2016-08-24, respectively.
The stock will commence trading ex-dividend from 2016-08-09, 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 Xilinx, Inc. (NASDAQ:XLNX) disbursed $0.33 in dividend compared to distribution of $0.33, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 6.8966%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Xilinx, Inc. (NASDAQ:XLNX) to attain a price target of $50.923. It is an average estimate figure given by 13 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $60. The low price range is set at $45 for next year while the arithmetic mean is seen at 2.4.
Eyeing Earnings Xilinx, Inc. (NASDAQ:XLNX) is likely to post quarterly numbers around 2016-10-12 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.54 for the period ending on 2016-09-30.
In last quarter ended 2016-03-31, Xilinx, Inc. (NASDAQ:XLNX) earnings came at $0.61 suggesting a deviation of $0.06. The brokerages targeted EPS of $0.55 for the quarter.
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