Juniper Networks, Inc. Plans Quarterly Dividend of $0.22 (NYSE:JNPR)

Juniper Networks, Inc. (NYSE:JNPR) announced a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.22 per share by the network equipment provider on Monday, December 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Monday, December 2nd.

Juniper Networks has raised its dividend by an average of 3.2% annually over the last three years. Juniper Networks has a payout ratio of 45.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Juniper Networks to earn $1.27 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 69.3%.

Juniper Networks Stock Down 0.4 %

JNPR opened at $35.92 on Friday. Juniper Networks has a 52 week low of $27.87 and a 52 week high of $39.79. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. The firm has a 50-day simple moving average of $38.31 and a two-hundred day simple moving average of $37.45. The company has a market capitalization of $11.89 billion, a PE ratio of 47.26, a price-to-earnings-growth ratio of 11.38 and a beta of 0.93.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com started coverage on Juniper Networks in a report on Monday, September 16th. They set a “hold” rating for the company. Rosenblatt Securities reissued a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a report on Friday, November 1st. Citigroup reaffirmed a “neutral” rating and set a $40.00 price target on shares of Juniper Networks in a research note on Monday, September 23rd. Finally, Barclays dropped their price objective on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.50.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.