Opera Limited (OPRA) To Go Ex-Dividend on January 6th

Opera Limited (NASDAQ:OPRA) announced a semi-annual dividend on Thursday, December 12th,Wall Street Journal reports. Shareholders of record on Monday, January 6th will be given a dividend of 0.40 per share on Monday, January 13th. This represents a yield of 3.9%. The ex-dividend date is Monday, January 6th.

Opera has a payout ratio of 80.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Opera to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 84.2%.

Opera Stock Up 1.9 %

OPRA opened at $19.55 on Friday. The company has a fifty day moving average of $18.95 and a two-hundred day moving average of $15.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. Opera has a fifty-two week low of $10.11 and a fifty-two week high of $20.70. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 9.92 and a beta of 1.03.

Analysts Set New Price Targets

OPRA has been the topic of several research reports. B. Riley restated a “buy” rating and issued a $25.00 target price (up previously from $24.00) on shares of Opera in a research report on Wednesday, October 30th. Lake Street Capital lifted their target price on shares of Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. TD Cowen upped their target price on shares of Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group raised their price target on shares of Opera from $19.50 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $24.75.

About Opera

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.