Symantec Corporation Plans Quarterly Dividend of $0.08 (SYMC)

Symantec Corporation (NASDAQ:SYMC) declared a quarterly dividend on Wednesday, November 1st, RTT News reports. Shareholders of record on Monday, November 20th will be given a dividend of 0.075 per share by the technology company on Wednesday, December 13th. This represents a $0.30 dividend on an annualized basis and a yield of 0.92%.

Symantec Corporation (NASDAQ:SYMC) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.14. Symantec Corporation had a negative net margin of 8.68% and a positive return on equity of 10.73%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm posted $0.30 earnings per share. The firm’s revenue was up 25.7% on a year-over-year basis.

In other news, insider Michael David Fey sold 1,348,831 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $28.84, for a total value of $38,900,286.04. Following the completion of the sale, the insider now directly owns 1,605,757 shares in the company, valued at $46,310,031.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Amy L. Cappellanti-Wolf sold 927 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $30.00, for a total transaction of $27,810.00. Following the completion of the sale, the senior vice president now owns 112,907 shares of the company’s stock, valued at $3,387,210. The disclosure for this sale can be found here. Insiders sold 1,645,816 shares of company stock valued at $47,911,129 over the last 90 days. 1.30% of the stock is owned by corporate insiders.

A number of research analysts recently commented on SYMC shares. Evercore ISI set a $25.00 price objective on shares of Symantec Corporation and gave the company a “hold” rating in a research report on Thursday, August 3rd. Robert W. Baird reaffirmed a “hold” rating on shares of Symantec Corporation in a research report on Thursday, August 3rd. Credit Suisse Group started coverage on shares of Symantec Corporation in a research report on Tuesday, September 5th. They set an “outperform” rating and a $36.00 price objective on the stock. Barclays PLC reaffirmed an “overweight” rating and set a $36.00 price objective (down from $38.00) on shares of Symantec Corporation in a research report on Wednesday, August 9th. Finally, Standpoint Research downgraded shares of Symantec Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the stock. Symantec Corporation currently has a consensus rating of “Hold” and an average price target of $31.58.

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Symantec Corporation Company Profile

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection, cyber security services and Website security. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security.Cloud, Data Center Security and Cloud Workload Protection products.

Dividend History for Symantec Corporation (NASDAQ:SYMC)

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