Advanced Energy Industries, Inc. (NASDAQ:AEIS) to Issue $0.10 Quarterly Dividend

Advanced Energy Industries, Inc. (NASDAQ:AEIS) announced a quarterly dividend on Friday, April 26th, Zacks reports. Shareholders of record on Monday, May 27th will be given a dividend of 0.10 per share by the electronics maker on Friday, June 7th. This represents a $0.40 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Thursday, May 23rd.

Advanced Energy Industries has a dividend payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Advanced Energy Industries to earn $4.41 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 9.1%.

Advanced Energy Industries Stock Up 2.3 %

Shares of AEIS stock traded up $2.18 during mid-day trading on Friday, reaching $95.96. 148,173 shares of the company were exchanged, compared to its average volume of 159,664. The company has a market capitalization of $3.58 billion, a P/E ratio of 28.22, a P/E/G ratio of 3.29 and a beta of 1.55. The business’s 50 day simple moving average is $98.15 and its 200 day simple moving average is $99.22. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.10 and a current ratio of 5.10. Advanced Energy Industries has a fifty-two week low of $81.86 and a fifty-two week high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.10. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. The company had revenue of $405.27 million during the quarter, compared to the consensus estimate of $407.66 million. Research analysts predict that Advanced Energy Industries will post 2.88 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wells Fargo & Company dropped their price target on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $115.14.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.