Telenor ASA (OTCMKTS:TELNY) Raises Dividend to $0.47 Per Share

Telenor ASA (OTCMKTS:TELNY) announced a dividend on Tuesday, April 9th, NASDAQ reports. Investors of record on Friday, May 10th will be given a dividend of 0.4724 per share by the utilities provider on Thursday, May 30th. The ex-dividend date is Thursday, May 9th. This is a positive change from Telenor ASA’s previous dividend of $0.41.

Telenor ASA Stock Down 0.9 %

OTCMKTS TELNY opened at $11.99 on Wednesday. The firm’s 50 day moving average price is $11.22 and its 200-day moving average price is $11.08. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 1.09. Telenor ASA has a 52-week low of $9.89 and a 52-week high of $12.36.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings results on Monday, April 29th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $1.85 billion for the quarter. Telenor ASA had a return on equity of 11.44% and a net margin of 9.20%. On average, equities analysts forecast that Telenor ASA will post 1.26 EPS for the current year.

About Telenor ASA

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. It operates through four segments: Nordics, Asia, Infrastructure, and Amp. The company offers mobile subscriptions and handsets, telephony, broadband, data security, communications services, and TV services to residential and business customers, as well as wholesale services.