Juniper Networks, Inc. (NYSE:JNPR) announced a quarterly dividend on Tuesday, July 28th, Zacks reports. Investors of record on Tuesday, September 1st will be given a dividend of 0.20 per share by the network equipment provider on Tuesday, September 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Monday, August 31st.
Juniper Networks has increased its dividend by an average of 90.0% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Juniper Networks has a dividend payout ratio of 52.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Juniper Networks to earn $1.30 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 61.5%.
Shares of JNPR traded down $0.26 during mid-day trading on Thursday, hitting $24.73. 28,537 shares of the company traded hands, compared to its average volume of 2,799,689. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.74 and a beta of 0.96. Juniper Networks has a one year low of $15.20 and a one year high of $27.32. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average of $23.32 and a 200 day moving average of $22.77.
Several analysts recently issued reports on JNPR shares. Oppenheimer upped their target price on Juniper Networks from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Credit Suisse Group raised their target price on shares of Juniper Networks from $17.00 to $20.00 and gave the company an “underperform” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Juniper Networks from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays raised their target price on shares of Juniper Networks from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Rosenblatt Securities upped their target price on Juniper Networks from $25.00 to $26.50 and gave the company a “neutral” rating in a research report on Friday, July 24th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. Juniper Networks has an average rating of “Hold” and an average target price of $24.89.
About Juniper Networks
Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.
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