Opera Limited Sponsored ADR (OPRA) to Issue Dividend of $0.40 on January 14th

Opera Limited Sponsored ADR (NASDAQ:OPRA) declared a dividend on Thursday, December 11th. Investors of record on Wednesday, January 7th will be paid a dividend of 0.40 per share on Wednesday, January 14th. This represents a yield of 549.0%. The ex-dividend date of this dividend is Wednesday, January 7th.

Opera has a dividend payout ratio of 61.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Opera to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 76.5%.

Opera Trading Up 0.5%

Shares of Opera stock opened at $14.23 on Monday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.81 and a beta of 1.24. The firm’s 50-day moving average price is $13.98 and its two-hundred day moving average price is $16.38. Opera has a 1-year low of $12.62 and a 1-year high of $22.50.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Opera from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Opera in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Opera presently has an average rating of “Moderate Buy” and a consensus price target of $23.83.

Opera Company Profile

Opera Limited (NASDAQ: OPRA) is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.

Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.