FLIR Systems, Inc. (NASDAQ:FLIR) announced a quarterly dividend on Wednesday, February 13th, RTT News reports. Investors of record on Friday, February 22nd will be given a dividend of 0.17 per share by the scientific and technical instruments company on Friday, March 8th. This represents a $0.68 annualized dividend and a yield of 1.32%. This is an increase from FLIR Systems’s previous quarterly dividend of $0.16.
FLIR Systems has raised its dividend payment by an average of 13.3% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. FLIR Systems has a payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FLIR Systems to earn $2.35 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 27.2%.
FLIR Systems stock opened at $51.68 on Thursday. FLIR Systems has a 12-month low of $40.52 and a 12-month high of $63.88. The stock has a market cap of $6.89 billion, a P/E ratio of 27.49 and a beta of 1.12. The company has a quick ratio of 3.04, a current ratio of 4.21 and a debt-to-equity ratio of 0.22.
A number of brokerages have weighed in on FLIR. Needham & Company LLC dropped their price target on shares of FLIR Systems from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. BidaskClub upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research report on Tuesday. ValuEngine upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research report on Wednesday. SunTrust Banks lifted their price target on shares of FLIR Systems to $60.00 and gave the company a “buy” rating in a research report on Thursday. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $61.57.
FLIR Systems Company Profile
FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.
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