Dolby Laboratories (NYSE:DLB) will begin trading ex-dividend on November 23, 2020. The quarterly dividend payment of $ 0.22 per share is scheduled to be paid on December 4, 2020. The dividend yield based on the latest trading day closing price was 1.00 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 23, 2020.
Dividends History
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Dolby Laboratories recently reported fourth quarter financial results on November 12, 2020, after market close, the San Francisco based company reported income for the fourth quarter of $ 0.45 per share, from the revenue of $ 271.19 million. The quarterly earnings fell 31.82 percent while revenues contracted 9.25 percent compared with the same quarter last year.
According to street consensus, DLB was expected to report 4Q20 income of $ 0.34 per share from revenue of $ 244.04 million. The bottom line results beat street analysts by $ 0.11 or 32.35 percent, at the same time, top line results outshined analysts by $ 27.15 million or 11.13 percent.
Stock Performance
Shares of Dolby Laboratories traded low $ -0.97 or -1.09 percent on Thursday, reaching $ 87.84 with volume of 645.40 thousand shares. Dolby Laboratories has traded high as $ 89.40 and has cracked $ 87.57 on the downward trend
According to the previous trading day, closing price of $ 87.84, representing a 98.77 % increase from the 52 week low of $ 44.68 and a 1.42 % decrease over the 52 week high of $ 90.09.
The company has a market capital of $ 8.81 billion and is part of the Consumer Cyclical sector and Media – Diversified industry.
Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for TVs, set-top boxes (STBs), personal computers (PCs), gaming consoles, mobile devices, and digital radio; AVC, a digital video codec with high bandwidth efficiency used in media devices; Dolby AC-4, an audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for home theaters, cinemas, device speakers, mobile devices, and headphones.
