Teva Pharmaceutical Industries Limited (NYSE:TEVA) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Stockholders of record on Tuesday, November 28th will be paid a dividend of 0.085 per share on Tuesday, December 12th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, November 27th.
Teva Pharmaceutical Industries has raised its dividend by an average of 2.1% per year over the last three years. Teva Pharmaceutical Industries has a dividend payout ratio of 7.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Teva Pharmaceutical Industries to earn $2.84 per share next year, which means the company should continue to be able to cover its $0.29 annual dividend with an expected future payout ratio of 10.2%.
Teva Pharmaceutical Industries (NYSE TEVA) opened at $15.05 on Tuesday. Teva Pharmaceutical Industries has a twelve month low of $10.85 and a twelve month high of $38.31. The stock has a market cap of $15,504.16, a PE ratio of 3.52 and a beta of 0.55. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 1.20.
Several research analysts recently weighed in on the stock. Credit Suisse Group restated an “underperform” rating and set a $8.00 price target (down from $14.00) on shares of Teva Pharmaceutical Industries in a report on Monday, November 6th. Royal Bank Of Canada cut their price target on shares of Teva Pharmaceutical Industries from $21.00 to $15.00 and set an “underperform” rating on the stock in a report on Monday, September 18th. Wells Fargo & Company restated a “market perform” rating on shares of Teva Pharmaceutical Industries in a report on Thursday, October 5th. Oppenheimer restated a “hold” rating on shares of Teva Pharmaceutical Industries in a report on Sunday, November 12th. Finally, BTIG Research set a $16.00 price target on shares of Teva Pharmaceutical Industries and gave the stock a “buy” rating in a report on Tuesday, November 28th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.65.
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Teva Pharmaceutical Industries Company Profile
Teva Pharmaceutical Industries Limited is a pharmaceutical company. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Company operates through two segments: Generic medicines and Specialty medicines. The Company develops, manufactures and sells generic medicines in a range of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.
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