Novo Nordisk A/S (NVO) to Issue Semi-Annual Dividend of $0.32 on August 27th
Novo Nordisk A/S (NYSE:NVO) announced a Semi-Annual dividend on Friday, August 9th, NASDAQ reports. Investors of record on Monday, August 19th will be given a dividend of 0.318 per share on Tuesday, August 27th. The ex-dividend date 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 NYSE NVO traded down $1.05 during midday trading on Wednesday, hitting $50.81. The stock had a trading volume of 197,463 shares, compared to its average volume of 1,426,194. The firm’s 50 day moving average is $49.53. The stock has a market cap of $123.15 billion, a P/E ratio of 20.16, a P/E/G ratio of 2.30 and a beta of 0.60. Novo Nordisk A/S has a 52 week low of $41.23 and a 52 week high of $52.83. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 0.07.
Novo Nordisk A/S Company Profile
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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