Deutsche Bank Maintains Buy on Agilent After Dividend Announcement

Deutsche Bank has published a research report on Agilent Technologies

after the company announced its cash dividends. In the report, Deutsche Bank writes, "Agilent Technologies announced this morning that its Board of Directors had approved the initiation of cash dividends to shareholders. The company will be making its first quarterly dividend payment of 10c to shareholders on April 25, which translates to a dividend yield of over 5% on an annualized basis. CEO Bill Sullivan stated that the initiation of dividends, combined with the stock repurchase program underlines the company's commitment to enhancing shareholder value." Deutsche Bank maintains its Buy rating and $42 price target on Agilent Technologies, which is currently trading up $0.38 from yesterday's $39.99 closing price.