Dividend Coverage: This Tech Stock’s Dividend Yield is 3.40%; Will Trade Ex-Dividend on August 21, 2017
LONDON, UK / ACCESSWIRE / August 21, 2017 /Pro-Trader Daily takes a closer look at Nielsen Holdings PLC (NYSE: NLSN) as the Company's stock will begin trading ex-dividend on August 22, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on August 21, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:
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On July 20, 2017, Nielsen Holdings' Board of Directors declared a quarterly cash dividend of $0.34 per share of common stock. The dividend is payable on September 07, 2017, to stockholders of record at the close of business on August 24, 2017.
Nielsen Holdings' indicated dividend represents a yield of 3.40%, more than double the average dividend yield of 1.43% for the Technology sector. The Company has raised its dividend for three consecutive years.
Nielsen has a dividend payout ratio of 54.8%, which indicates that the Company distributes approximately $0.55 for every $1.00 earned. The dividend payout ratio reflects how much money a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Nielsen is forecasted to report earnings of $2.84 for the next year which is more than double the Company's annualized dividend of $1.36.
As of June 30, 2017, Nielsen Holdings' cash and cash equivalents were $510 million and gross debt was $8.52 billion. The Company's net debt (gross debt less cash and cash equivalents) was $8.01 billion and its net debt leverage ratio was 4.05x at the end of Q2 2017.
Nielsen Holdings' cash flow from operations increased to $226 million for Q2 2017 from $210 million in Q2 2016. Free cash flow for the reported quarter increased to $162 million compared to a $98 million in the year earlier same quarter. The strong financial position indicates the Company's ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for Nielsen Holdings
On August 03, 2017, Nielsen Holdings announced that it has acquired vBrand, an Israel-based technology start-up that has developed a machine learning-enabled platform to measure brand exposure and impact in sports programming. vBrand and its technology will be fully integrated into Nielsen Sports, bringing increased delivery speed and scale to the Company's existing flagship sports products, Sport24 and Social24. Financial terms were not disclosed.
The acquisition of vBrand's advanced technology supercharges Nielsen Sports' already industry-leading sponsorship measurement capabilities and methodologies, considered among the most robust in sports.
About Nielsen Holdings
Nielsen Holdings is a global performance management Company that provides a comprehensive understanding of what consumers watch and buy. Nielsen Holdings' Watch segment provides media and advertising clients with Total Audience measurement services for all devices on which content - video, audio and text - is consumed. The Buy segment offers consumer packaged goods manufacturers and retailers the industry's only global view of retail performance measurement. The Company also provides its clients with analytics that help improve performance. Nielsen Holdings, an S&P 500 company, has operations in over 100 countries, covering more than 90% of the world's population.
On Friday, August 18, 2017, the stock closed the trading session at $39.66, slightly falling 0.87% from its previous closing price of $40.01. A total volume of 1.89 million shares have exchanged hands. Nielsen Holdings' stock price advanced 1.93% in the last one month and 0.25% in the past three months. The stock is trading at a PE ratio of 29.03 and has a dividend yield of 3.43%. The stock currently has a market cap of $14.27 billion.
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