VOLVO AB/ADR (VLVLY) Announces $0.86 Annual Dividend

VOLVO AB/ADR (OTCMKTS:VLVLY) declared an annual dividend on Thursday, February 14th, Zacks reports. Shareholders of record on Friday, April 5th will be paid a dividend of 0.863 per share on Friday, April 26th. This represents a yield of 5.93%. The ex-dividend date of this dividend is Thursday, April 4th.

VLVLY traded up $0.19 during midday trading on Friday, hitting $16.24. 14,727 shares of the company were exchanged, compared to its average volume of 30,333. The company has a market capitalization of $32.98 billion, a PE ratio of 9.61, a PEG ratio of 1.94 and a beta of 1.33. VOLVO AB/ADR has a 1-year low of $12.06 and a 1-year high of $19.18.

VOLVO AB/ADR (OTCMKTS:VLVLY) last issued its earnings results on Wednesday, January 30th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. VOLVO AB/ADR had a return on equity of 24.85% and a net margin of 6.40%. The business had revenue of $11.70 billion during the quarter, compared to analyst estimates of $11.43 billion. Equities research analysts forecast that VOLVO AB/ADR will post 1.68 EPS for the current fiscal year.

VLVLY has been the subject of a number of recent research reports. Zacks Investment Research raised VOLVO AB/ADR from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Tuesday, February 19th. Goldman Sachs Group initiated coverage on VOLVO AB/ADR in a report on Tuesday, April 2nd. They issued a “buy” rating for the company. Robert W. Baird raised VOLVO AB/ADR from an “underperform” rating to a “neutral” rating in a report on Thursday, February 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of VOLVO AB/ADR in a report on Monday, January 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $17.00.

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VOLVO AB/ADR Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, and internationally. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD, Renault, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis under the Volvo, UD, Prevost, and Nova Bus brands.

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