Nokian Renkaat Oyj to Issue Dividend of $0.17 (OTCMKTS:NKRKY)

Nokian Renkaat Oyj (OTCMKTS:NKRKYGet Rating) declared a dividend on Saturday, April 23rd, investing.com reports. Investors of record on Monday, May 2nd will be paid a dividend of 0.1713 per share on Thursday, May 26th. This represents a yield of 5.25%. The ex-dividend date of this dividend is Friday, April 29th.

Shares of OTCMKTS NKRKY opened at $6.94 on Friday. The stock’s fifty day simple moving average is $9.11 and its two-hundred day simple moving average is $15.18. Nokian Renkaat Oyj has a 12-month low of $6.17 and a 12-month high of $21.19.

Separately, Deutsche Bank Aktiengesellschaft lowered their price objective on Nokian Renkaat Oyj from €32.00 ($34.41) to €24.00 ($25.81) and set a “hold” rating for the company in a research report on Thursday, March 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Nokian Renkaat Oyj presently has a consensus rating of “Hold” and a consensus price target of $24.00.

About Nokian Renkaat Oyj (Get Rating)

Nokian Renkaat Oyj develops and manufactures tires in Finland, Nordics, Russia, the rest of Europe, Asia, the Americas, and internationally. It operates through Passenger Car Tyres, Heavy Tyres, and Vianor segments. The Passenger Car Tyres segment develops and produces summer and winter tires for cars and vans.

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