ZTE Co. (OTCMKTS:ZTCOY) to Issue Dividend of $0.07

ZTE Co. (OTCMKTS:ZTCOYGet Rating) declared a dividend on Wednesday, April 20th, investing.com reports. Stockholders of record on Tuesday, April 26th will be paid a dividend of 0.0747 per share by the technology company on Monday, June 6th. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, April 25th. This is an increase from ZTE’s previous dividend of $0.06.

Shares of ZTCOY opened at $4.05 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.63 and a quick ratio of 1.16. The firm has a 50 day simple moving average of $4.32 and a 200-day simple moving average of $5.23. ZTE has a 1-year low of $3.30 and a 1-year high of $8.16. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 8.80 and a beta of 0.88.

ZTE (OTCMKTS:ZTCOYGet Rating) last issued its quarterly earnings data on Friday, March 11th. The technology company reported $0.07 earnings per share for the quarter. ZTE had a net margin of 5.94% and a return on equity of 13.32%. The business had revenue of $4.80 billion during the quarter. On average, equities analysts expect that ZTE will post 0.6 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of ZTE from a “sell” rating to a “hold” rating in a research report on Tuesday, March 29th.

ZTE Company Profile (Get Rating)

ZTE Corporation provides integrated communication information solutions in the People's Republic of China, rest of Asia, Africa, Europe, the United States, and Oceania. It operates through three segments: Carriers' Networks, Government and Corporate Business, and Consumer Business. The Carriers' Network segment provides wireless access, wireline access, bearer systems, core networks, telecommunication software systems and services, and other technologies and product solutions for meeting carries' requirements.

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