VimpelCom Ltd. (VEON) Plans $0.11 None Dividend

VimpelCom Ltd. (NASDAQ:VEON) announced a None dividend on Thursday, August 3rd, Fidelity reports. Stockholders of record on Monday, August 14th will be paid a dividend of 0.11 per share by the Wireless communications provider on Wednesday, September 6th. This represents a dividend yield of 2.63%. The ex-dividend date is Thursday, August 10th.

Shares of VimpelCom (NASDAQ:VEON) traded down 0.75% during midday trading on Friday, hitting $3.96. 1,611,756 shares of the stock were exchanged. VimpelCom has a 12-month low of $3.12 and a 12-month high of $4.50. The stock’s 50 day moving average is $4.01 and its 200 day moving average is $4.02. The firm has a market cap of $6.93 billion, a P/E ratio of 4.10 and a beta of 2.31.

VimpelCom (NASDAQ:VEON) last posted its quarterly earnings results on Thursday, August 3rd. The Wireless communications provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.09. The company had revenue of $2.42 billion during the quarter. VimpelCom had a negative return on equity of 8.29% and a net margin of 18.26%. On average, equities research analysts forecast that VimpelCom will post $0.29 earnings per share for the current fiscal year.

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VEON has been the topic of several research analyst reports. Zacks Investment Research lowered shares of VimpelCom from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $6.50 price objective on shares of VimpelCom in a report on Thursday, May 18th. ValuEngine downgraded shares of VimpelCom from a “hold” rating to a “sell” rating in a report on Friday, May 26th. Finally, J P Morgan Chase & Co raised shares of VimpelCom from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $4.00 to $4.50 in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $5.39.

About VimpelCom

Dividend History for VimpelCom (NASDAQ:VEON)

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