Swisscom AG Declares Annual Dividend of $1.83 (SCMWY)

Swisscom AG (OTCMKTS:SCMWY) declared an annual dividend on Monday, March 25th, Zacks reports. Investors of record on Friday, April 5th will be paid a dividend of 1.828 per share by the utilities provider on Thursday, May 16th. This represents a dividend yield of 3.76%. The ex-dividend date of this dividend is Thursday, April 4th.

OTCMKTS SCMWY traded up $0.09 on Friday, hitting $46.48. 15,044 shares of the stock were exchanged, compared to its average volume of 11,048. Swisscom has a fifty-two week low of $43.02 and a fifty-two week high of $49.51. The stock has a market capitalization of $24.07 billion, a PE ratio of 15.44 and a beta of 0.34.

Swisscom (OTCMKTS:SCMWY) last issued its quarterly earnings data on Thursday, February 7th. The utilities provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). The company had revenue of $3.04 billion for the quarter. Swisscom had a return on equity of 18.74% and a net margin of 13.03%. Sell-side analysts predict that Swisscom will post 2.88 earnings per share for the current year.

Several research firms recently commented on SCMWY. UBS Group downgraded shares of Swisscom from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 3rd. Zacks Investment Research upgraded shares of Swisscom from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. Finally, BNP Paribas began coverage on shares of Swisscom in a research report on Friday, January 11th. They issued an “underperform” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $52.00.

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Swisscom Company Profile

Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. The company operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. It offers broadband, TV, fixed-network, and mobile phone subscription services, as well as national and international telephone, and data traffic services for residential customers, and small and medium-sized enterprises.

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