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

Juniper Networks, Inc. (NYSE:JNPR) declared a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Investors of record on Monday, December 2nd will be given 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 increased its dividend payment by an average of 3.2% annually over the last three years. Juniper Networks has a dividend 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 Performance

JNPR opened at $35.92 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.35. Juniper Networks has a 12-month low of $27.87 and a 12-month high of $39.79. The business has a 50 day moving average of $38.25 and a 200-day moving average of $37.46. The stock has a market cap of $11.89 billion, a price-to-earnings ratio of 47.26, a PEG ratio of 11.34 and a beta of 0.93.

Analyst Upgrades and Downgrades

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

About Juniper Networks

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.