Opera Limited (NASDAQ:OPRA) Plans Semi-Annual Dividend of $0.40

Opera Limited (NASDAQ:OPRA) announced a Semi-Annual dividend on Monday, June 17th, Zacks reports. Shareholders of record on Tuesday, July 2nd will be paid a dividend of 0.40 per share on Monday, July 15th. This represents a yield of 5.6%. The ex-dividend date is Tuesday, July 2nd.

Opera has a payout ratio of 84.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Opera to earn $1.06 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 77.4%.

Opera Price Performance

Shares of NASDAQ OPRA opened at $14.04 on Monday. Opera has a 52 week low of $10.30 and a 52 week high of $28.58. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.24 billion, a P/E ratio of 7.47 and a beta of 0.98. The business’s 50 day moving average price is $13.92 and its 200 day moving average price is $13.41.

Opera (NASDAQ:OPRA) last posted its earnings results on Thursday, April 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $101.87 million during the quarter, compared to the consensus estimate of $100.60 million. Opera had a net margin of 41.00% and a return on equity of 19.52%. On average, sell-side analysts expect that Opera will post 0.78 earnings per share for the current year.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Opera from a “c+” rating to a “b-” rating in a report on Monday, March 4th.

Opera Company Profile

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.