Autoliv (ALV) Declares $0.66 Dividend

Autoliv said on May 10, 2023 that its board of directors declared a regular quarterly dividend of $0.66 per share ($2.64 annualized). Previously, the company paid $0.66 per share.

Shares must be purchased before the ex-div date of May 24, 2023 to qualify for the dividend. Shareholders of record as of May 25, 2023 will receive the payment on June 13, 2023.

At the current share price of $87.90 / share, the stock's dividend yield is 3.00%.

Looking back five years and taking a sample every week, the average dividend yield has been 3.07%, the lowest has been 2.19%, and the highest has been 6.14%. The standard deviation of yields is 0.52 (n=183).

The current dividend yield is 0.13 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.55. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

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What is the Fund Sentiment?

There are 920 funds or institutions reporting positions in Autoliv. This is an increase of 64 owner(s) or 7.48% in the last quarter. Average portfolio weight of all funds dedicated to ALV is 0.55%, an increase of 0.28%. Total shares owned by institutions increased in the last three months by 3.25% to 60,610K shares. The put/call ratio of ALV is 0.31, indicating a bullish outlook.

Analyst Price Forecast Suggests 19.09% Upside

As of May 11, 2023, the average one-year price target for Autoliv is 104.68. The forecasts range from a low of 86.86 to a high of $141.75. The average price target represents an increase of 19.09% from its latest reported closing price of 87.90.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Autoliv is 9,645MM, an increase of 4.71%. The projected annual non-GAAP EPS is 6.93.

What are Other Shareholders Doing?

Cevian Capital II GP holds 6,299K shares representing 7.34% ownership of the company. No change in the last quarter.

VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 5,371K shares representing 6.26% ownership of the company. In it's prior filing, the firm reported owning 5,427K shares, representing a decrease of 1.05%. The firm increased its portfolio allocation in ALV by 12.07% over the last quarter.

VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 3,103K shares representing 3.61% ownership of the company. In it's prior filing, the firm reported owning 3,030K shares, representing an increase of 2.32%. The firm increased its portfolio allocation in ALV by 17.14% over the last quarter.

FIL holds 2,917K shares representing 3.40% ownership of the company. In it's prior filing, the firm reported owning 2,590K shares, representing an increase of 11.20%. The firm decreased its portfolio allocation in ALV by 25.57% over the last quarter.

OAKIX - Oakmark International Fund Investor Class holds 2,279K shares representing 2.66% ownership of the company. In it's prior filing, the firm reported owning 2,857K shares, representing a decrease of 25.38%. The firm decreased its portfolio allocation in ALV by 1.83% over the last quarter.

Autoliv Background Information
(This description is provided by the company.)

Autoliv, Inc. is the worldwide leader in vehicle safety systems, and through our subsidiaries we develop, manufacture and market protective systems, such as airbags, seatbelts, steering wheels and pedestrian protection systems for all major automotive manufacturers in the world. Our products save over 30,000 lives each year and prevent ten times as many severe injuries. Our more than 65,000 associates in 27 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We have 14 technical centers, with 20 test tracks. Sales in 2019 amounted to US $ 8,548 million.

This story originally appeared on Fintel.