Dolby Laboratories (DLB) to Distribute Quarterly Dividend of $0.36 on August 19th

Dolby Laboratories (NYSE:DLB) announced a quarterly dividend on Monday, July 27th. Stockholders of record on Tuesday, August 11th will be paid a dividend of 0.36 per share by the electronics maker on Wednesday, August 19th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, August 11th.

Dolby Laboratories has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 10 years. Dolby Laboratories has a dividend payout ratio of 34.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dolby Laboratories to earn $3.36 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 42.9%.

Dolby Laboratories Stock Up 1.3%

Shares of NYSE:DLB opened at $61.70 on Friday. Dolby Laboratories has a fifty-two week low of $48.26 and a fifty-two week high of $75.66. The firm’s 50-day simple moving average is $52.82 and its 200-day simple moving average is $58.49. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 26.26 and a beta of 0.80.

Dolby Laboratories (NYSE:DLB) last posted its quarterly earnings results on Thursday, July 30th. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.02. The firm had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $311.96 million. Dolby Laboratories had a net margin of 16.70% and a return on equity of 11.08%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. Dolby Laboratories has set its FY 2026 guidance at 4.250-4.400 EPS and its Q4 2026 guidance at 1.130-1.280 EPS. On average, research analysts forecast that Dolby Laboratories will post 3.24 EPS for the current year.

Insider Activity at Dolby Laboratories

In other news, CMO Todd Pendleton sold 11,876 shares of Dolby Laboratories stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $54.55, for a total transaction of $647,835.80. Following the completion of the sale, the chief marketing officer directly owned 41,480 shares in the company, valued at approximately $2,262,734. This trade represents a 22.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John D. Couling sold 7,667 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $60.00, for a total value of $460,020.00. Following the completion of the sale, the senior vice president owned 118,727 shares in the company, valued at approximately $7,123,620. This represents a 6.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 43,128 shares of company stock valued at $2,405,917. 37.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DLB. Bank of New York Mellon Corp purchased a new stake in shares of Dolby Laboratories in the 2nd quarter worth about $253,289,000. State Street Corp increased its holdings in Dolby Laboratories by 8.7% during the 2nd quarter. State Street Corp now owns 2,261,059 shares of the electronics maker’s stock valued at $167,906,000 after acquiring an additional 180,072 shares in the last quarter. First Trust Advisors LP raised its position in Dolby Laboratories by 19.9% during the first quarter. First Trust Advisors LP now owns 2,254,933 shares of the electronics maker’s stock worth $135,431,000 after acquiring an additional 374,405 shares during the last quarter. Geode Capital Management LLC raised its position in Dolby Laboratories by 15.6% during the fourth quarter. Geode Capital Management LLC now owns 1,885,246 shares of the electronics maker’s stock worth $122,749,000 after acquiring an additional 254,250 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Dolby Laboratories by 51.8% during the second quarter. AQR Capital Management LLC now owns 1,736,260 shares of the electronics maker’s stock worth $128,935,000 after acquiring an additional 592,282 shares during the last quarter. Institutional investors and hedge funds own 58.56% of the company’s stock.

About Dolby Laboratories

Dolby Laboratories, Inc is a global leader in audio and imaging technologies, specializing in the development, licensing and deployment of solutions that enhance entertainment and communications experiences. The company’s core business revolves around creating advanced audio codecs, noise reduction systems and spatial sound technologies for a wide range of applications, including cinema, broadcast, gaming, streaming and personal devices. Dolby’s licensing model enables consumer electronics manufacturers, content creators and service providers to integrate its technologies into products such as televisions, smartphones, home theater systems and set-top boxes.

Among its flagship innovations are Dolby Atmos, an immersive audio format that delivers three-dimensional soundscapes for theaters and home systems; Dolby Digital and Dolby Digital Plus, widely adopted audio compression formats for broadcast and streaming; and Dolby Vision, a high-dynamic-range imaging technology that expands color, contrast and brightness in displays.