VEON Ltd Announces Semi-Annual Dividend of $0.12 (NASDAQ:VEON)

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VEON Ltd (NASDAQ:VEON) announced a Semi-Annual dividend on Friday, February 14th, Zacks reports. Shareholders of record on Thursday, February 27th will be paid a dividend of 0.115 per share by the Wireless communications provider on Thursday, March 5th. This represents a yield of 9.5%. The ex-dividend date of this dividend is Wednesday, February 26th.

VEON has decreased its dividend by an average of 22.0% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. VEON has a dividend payout ratio of 32.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect VEON to earn $0.36 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 30.6%.

Shares of NASDAQ VEON opened at $2.36 on Monday. The firm’s 50-day moving average price is $2.59 and its 200-day moving average price is $2.52. The company has a current ratio of 0.43, a quick ratio of 0.40 and a debt-to-equity ratio of 3.50. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of -10.26, a P/E/G ratio of 0.25 and a beta of 1.81. VEON has a 12-month low of $2.07 and a 12-month high of $3.28.

Several brokerages have recently issued reports on VEON. Zacks Investment Research cut shares of VEON from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. cut shares of VEON from an “overweight” rating to an “underweight” rating and set a $2.90 target price on the stock. in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $3.21.

About VEON

VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of mobile and fixed-line technologies. The company provides value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance services, machine-to-machine, and other services; national and international roaming services; wireless Internet access and mobile financial services; and mobile bundles and call completion services.

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Dividend History for VEON (NASDAQ:VEON)

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