Novo Nordisk A/S Announces Semi-Annual Dividend of $0.32 (NYSE:NVO)
Novo Nordisk A/S (NYSE:NVO) announced a Semi-Annual dividend on Friday, August 9th, NASDAQ reports. Stockholders of record on Monday, August 19th will be paid a dividend of 0.318 per share on Tuesday, August 27th. The ex-dividend date of this dividend is Friday, August 16th.
Novo Nordisk A/S has raised its dividend payment by an average of 19.3% annually over the last three years. Novo Nordisk A/S has a dividend payout ratio of 44.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Novo Nordisk A/S to earn $2.81 per share next year, which means the company should continue to be able to cover its $1.11 annual dividend with an expected future payout ratio of 39.5%.
Shares of NVO opened at $51.11 on Wednesday. The stock has a market capitalization of $123.15 billion, a P/E ratio of 20.28, a P/E/G ratio of 2.30 and a beta of 0.60. Novo Nordisk A/S has a one year low of $41.23 and a one year high of $52.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.96 and a quick ratio of 0.66. The company has a 50-day simple moving average of $49.53.
About Novo Nordisk A/S
Novo Nordisk A/S, a healthcare company, engages in the development, manufacture, and marketing of pharmaceutical products worldwide. It operates in two segments, Diabetes Care and Obesity, and Biopharmaceuticals. The Diabetes Care and Obesity segment provides products in the areas of insulins, GLP-1 and related delivery systems, oral anti-diabetic products, obesity, and other chronic diseases.
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