Symantec Corporation Plans Quarterly Dividend of $0.08 (SYMC)

Symantec Corporation (NASDAQ:SYMC) declared a quarterly dividend on Wednesday, January 31st, RTT News reports. Stockholders of record on Tuesday, February 20th will be given a dividend of 0.075 per share by the technology company on Wednesday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, February 16th.

Symantec (NASDAQ SYMC) opened at $27.02 on Thursday. The company has a market capitalization of $16,520.50, a P/E ratio of 33.65, a PEG ratio of 3.04 and a beta of 0.89. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.15 and a current ratio of 1.15. Symantec has a one year low of $24.94 and a one year high of $34.20.

Symantec (NASDAQ:SYMC) last released its earnings results on Wednesday, January 31st. The technology company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Symantec had a return on equity of 14.26% and a net margin of 22.24%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the business posted $0.32 EPS. The business’s revenue was up 13.4% on a year-over-year basis. sell-side analysts anticipate that Symantec will post 0.99 earnings per share for the current year.

Several equities analysts recently issued reports on SYMC shares. Barclays restated a “buy” rating and set a $36.00 price objective on shares of Symantec in a research note on Thursday, November 2nd. Oppenheimer restated a “buy” rating and set a $31.00 price objective on shares of Symantec in a research note on Thursday, February 1st. Morgan Stanley reduced their price objective on Symantec from $34.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, November 3rd. Deutsche Bank started coverage on Symantec in a research note on Tuesday, December 19th. They set a “hold” rating and a $30.00 price objective on the stock. Finally, BidaskClub upgraded Symantec from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $30.92.

In other Symantec news, EVP Francis C. Rosch sold 57,103 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $27.42, for a total value of $1,565,764.26. Following the sale, the executive vice president now directly owns 325,026 shares of the company’s stock, valued at $8,912,212.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.

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About Symantec

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection and cyber security services. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security, Cloud, Data Center Security and Cloud Workload Protection products.

Dividend History for Symantec (NASDAQ:SYMC)

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