ASML Holding (NASDAQ:ASML) to Issue Dividend Increase - $1.87 Per Share
ASML Holding (NASDAQ:ASML) announced a quarterly dividend increase of $1.87 per share, representing a $7.49 annualized dividend and a dividend yield of 0.81%. This is a positive change from the previous quarterly dividend of $1.34. ASML has a dividend payout ratio of 23.5% and analysts expect the company to continue covering its dividend with an expected future payout ratio of 24.4%.
ASML Holding (NASDAQ:ASML - Get Free Report) declared a quarterly dividend on Thursday, July 18th, Wall Street Journal reports. Shareholders of record on Monday, July 29th will be paid a dividend of 1.8732 per share by the semiconductor company on Wednesday, August 7th. This represents a $7.49 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Monday, July 29th. This is a boost from ASML's previous quarterly dividend of $1.34.
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ASML has raised its dividend by an average of 31.3% annually over the last three years. ASML has a dividend payout ratio of 23.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ASML to earn $31.19 per share next year, which means the company should continue to be able to cover its $7.60 annual dividend with an expected future payout ratio of 24.4%.
ASML Stock Down 0.8 %
NASDAQ:ASML traded down $7.90 during trading hours on Thursday, reaching $924.15. 2,227,360 shares of the company traded hands, compared to its average volume of 1,160,460. The business's 50-day moving average price is $1,006.71 and its two-hundred day moving average price is $935.71. The stock has a market capitalization of $364.66 billion, a P/E ratio of 46.86, a P/E/G ratio of 2.26 and a beta of 1.49. ASML has a 1 year low of $563.99 and a 1 year high of $1,110.09. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33.
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ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.87 by $0.14. ASML had a return on equity of 56.99% and a net margin of 27.23%. The business had revenue of $6.24 billion during the quarter, compared to analysts' expectations of $6 billion. During the same quarter in the previous year, the business earned $5.37 earnings per share. The firm's quarterly revenue was down 9.5% compared to the same quarter last year. Analysts predict that ASML will post 20.12 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on ASML. Evercore ISI began coverage on ASML in a research note on Tuesday, April 16th. They issued an "outperform" rating for the company. Wells Fargo & Company boosted their price target on ASML from $1,150.00 to $1,185.00 and gave the stock an "overweight" rating in a research note on Monday, June 17th. JPMorgan Chase & Co. boosted their price target on ASML from $1,172.00 to $1,202.00 and gave the stock an "overweight" rating in a research note on Thursday. Susquehanna upped their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a "positive" rating in a research report on Thursday, July 11th. Finally, Sanford C. Bernstein reduced their price objective on ASML from $1,072.00 to $1,052.00 and set an "outperform" rating for the company in a research report on Friday, April 12th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ASML currently has an average rating of "Moderate Buy" and an average target price of $1,147.80.
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Read Our Latest Stock Analysis on ASML
About ASML
(Get Free Report)ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.
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