H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) Announces Dividend Increase – $0.06 Per Share

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) declared a dividend on Wednesday, October 16th, NASDAQ reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.0625 per share on Friday, November 29th. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from H & M Hennes & Mauritz AB (publ)’s previous dividend of $0.06.

H & M Hennes & Mauritz AB (publ) Trading Down 0.3 %

Shares of H & M Hennes & Mauritz AB (publ) stock opened at $2.95 on Thursday. The company’s 50-day moving average price is $3.20 and its 200-day moving average price is $3.22. The company has a current ratio of 1.11, a quick ratio of 0.55 and a debt-to-equity ratio of 1.07. H & M Hennes & Mauritz AB has a 12-month low of $2.54 and a 12-month high of $3.69. The company has a market cap of $20.89 billion, a price-to-earnings ratio of 24.58 and a beta of 1.45.

H & M Hennes & Mauritz AB (publ) (OTCMKTS:HNNMY) last posted its earnings results on Thursday, September 26th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). H & M Hennes & Mauritz AB (publ) had a return on equity of 23.03% and a net margin of 4.30%. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.84 billion. On average, equities analysts expect that H & M Hennes & Mauritz AB will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

HNNMY has been the subject of several research analyst reports. Barclays raised H & M Hennes & Mauritz AB (publ) to a “strong-buy” rating in a research note on Friday, September 27th. Redburn Atlantic downgraded H & M Hennes & Mauritz AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, H & M Hennes & Mauritz AB (publ) has an average rating of “Moderate Buy”.

About H & M Hennes & Mauritz AB (publ)

H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, beauty products, activewear, jeans, and ready-to-wear; and interior products, including bed linens, dinnerware, textiles, furniture, and lighting.