Opera Limited (NASDAQ:OPRA) Plans Semi-annual Dividend of $0.40

Opera Limited (NASDAQ:OPRA) announced a semi-annual dividend on Monday, December 16th,Wall Street Journal reports. Shareholders of record on Monday, January 6th will be given a dividend of 0.40 per share on Monday, January 13th. This represents a yield of 3.9%. The ex-dividend date is Monday, January 6th.

Opera has a payout ratio of 82.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Opera to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 86.3%.

Opera Stock Performance

Shares of Opera stock opened at $20.00 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. The business’s 50 day moving average price is $17.82 and its 200 day moving average price is $15.15. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 10.15 and a beta of 1.03. Opera has a one year low of $10.11 and a one year high of $20.70.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Opera from $19.50 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. B. Riley reaffirmed a “buy” rating and issued a $25.00 target price (up from $24.00) on shares of Opera in a research report on Wednesday, October 30th. Lake Street Capital lifted their price objective on shares of Opera from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, TD Cowen raised their price target on shares of Opera from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $24.75.

About Opera

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.