NXP Semiconductors N.V. (NASDAQ:NXPI) to Issue Quarterly Dividend of $1.01

NXP Semiconductors N.V. (NASDAQ:NXPI) announced a quarterly dividend on Friday, August 28th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 1.014 per share by the semiconductor provider on Thursday, October 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 16th.

NXP Semiconductors has raised its dividend by an average of 0.2%per year over the last three years. NXP Semiconductors has a dividend payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect NXP Semiconductors to earn $16.68 per share next year, which means the company should continue to be able to cover its $4.05 annual dividend with an expected future payout ratio of 24.3%.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $236.62 on Monday. NXP Semiconductors has a 52-week low of $183.00 and a 52-week high of $339.95. The business’s fifty day moving average is $245.26 and its 200-day moving average is $251.57. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The firm has a market cap of $59.67 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 0.80 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.NXP Semiconductors’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.72 EPS. Equities analysts anticipate that NXP Semiconductors will post 13.73 EPS for the current fiscal year.

About NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ: NXPI) is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.