Autoliv Quarterly Dividend Provides 1.9% Yield

Autoliv, Inc. ALV revealed that its board declared a quarterly dividend of $0.58 per share for the third quarter of 2016. That's translated into $2.32 a share on an annualized basis. According to the company, the dividend would be payable on September 1 to its eligible shareholders. The company has fixed record date of August 18 to determine the eligible shareholders.

Autoliv said the stock would turn into the ex-dividend on August 16 for holders of the common stock listed on the New York Stock Exchange. The current dividend provided a yield of 1.9 percent, which was lower than the five-year average dividend yield of 2.20 percent.

The company's dividend payout ratio was 36.0 percent, which was also lower than the five-year average dividend payout ratio of 39.0 percent. The company has been paying a dividend since 1977 and boosted its dividend rate for the sixth straight years. Its five-year average growth pace was 8.8 percent.

Shares of the company advanced 0.41 percent on Tuesday.