Key Highlights:
- Nokia plans to distribute a dividend of up to EUR 0.14 per share for 2024, subject to approval.
- Average analyst target price suggests a 14.71% upside potential.
- GF Value indicates a potential downside of 5.76% from the current market price.
Nokia's Dividend Announcement for 2024
Nokia (NOK, Financial) has strategically announced its intention to distribute a dividend of up to EUR 0.14 per share for the 2024 fiscal year. This plan awaits approval at the Annual General Meeting scheduled for April 29, 2025. The proposed dividend payout will occur in four installments, beginning on May 12, 2025, showcasing Nokia's commitment to rewarding shareholders.
Wall Street Analysts' Price Targets
According to projections from six financial analysts, Nokia Oyj (NOK, Financial) has an average target price of $5.58. This target includes a high forecast of $7.00 and a low of $3.80. The average target signifies a potential upside of 14.71% from Nokia's current price of $4.86. For more in-depth data, please refer to the Nokia Oyj (NOK) Forecast page.
Analysts' Consensus on Nokia
The consensus recommendation from nine brokerage firms places Nokia Oyj (NOK, Financial) at an average rating of 2.6, which corresponds to a "Hold" status. This rating employs a scale from 1 to 5, where 1 equates to a Strong Buy and 5 denotes a Sell.
GuruFocus Valuation of Nokia
Utilizing GuruFocus estimates, the projected GF Value for Nokia Oyj (NOK, Financial) one year from now stands at $4.58. This suggests a potential downside of 5.76% compared to Nokia's current trading price of $4.8599. The GF Value represents GuruFocus' assessment of the stock's fair value, calculated through a blend of historical trading multiples, past business growth, and future performance expectations. For further analysis, consult the Nokia Oyj (NOK) Summary page.
