Autoliv Inc. (NYSE:ALV) declared a quarterly dividend on Wednesday, February 20th, Wall Street Journal reports. Investors of record on Wednesday, May 22nd will be paid a dividend of 0.62 per share by the auto parts company on Friday, June 7th. This represents a $2.48 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, May 21st.
Autoliv has increased its dividend by an average of 3.5% per year over the last three years and has increased its dividend every year for the last 9 years. Autoliv has a payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Autoliv to earn $7.80 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 31.8%.
Shares of ALV opened at $71.51 on Thursday. The company has a market cap of $6.21 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 1.35 and a beta of 1.35. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.87 and a current ratio of 1.14. Autoliv has a twelve month low of $67.26 and a twelve month high of $115.37.
In other news, insider Svante Mogefors sold 1,524 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $80.69, for a total value of $122,971.56. Following the sale, the insider now owns 643 shares in the company, valued at $51,883.67. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.19% of the company’s stock.
Several brokerages recently weighed in on ALV. Nordea Equity Research lowered shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Barclays reiterated a “sell” rating and set a $57.00 price target on shares of Autoliv in a report on Sunday, March 31st. Zacks Investment Research upgraded Autoliv from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. BMO Capital Markets reiterated a “hold” rating and set a $79.00 price target on shares of Autoliv in a report on Wednesday, January 30th. Finally, Mizuho reiterated a “hold” rating and set a $80.00 price target on shares of Autoliv in a report on Tuesday, January 29th. Nine analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $89.96.
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Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.
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