BorgWarner Inc. (NYSE:BWA – Get Free Report) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Monday, June 1st will be given a dividend of 0.17 per share by the auto parts company on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, June 1st.
BorgWarner has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years. BorgWarner has a dividend payout ratio of 14.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect BorgWarner to earn $5.72 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 11.9%.
BorgWarner Trading Up 5.1%
NYSE:BWA opened at $56.99 on Friday. The company has a market capitalization of $11.74 billion, a PE ratio of 45.59, a P/E/G ratio of 1.13 and a beta of 1.04. BorgWarner has a 52-week low of $28.22 and a 52-week high of $70.08. The stock’s 50 day moving average price is $54.41 and its 200 day moving average price is $49.41. The company has a quick ratio of 1.70, a current ratio of 2.07 and a debt-to-equity ratio of 0.69.
About BorgWarner
BorgWarner Inc is a global automotive supplier specializing in propulsion and drivetrain solutions for combustion, hybrid and electric vehicles. The company’s product portfolio includes turbochargers, thermal management systems, transmission components, e-Propulsion modules and advanced fuel-efficiency technologies. BorgWarner serves original equipment manufacturers (OEMs) across passenger cars, light trucks and commercial vehicles, supporting both legacy internal-combustion engines and emerging electrification trends.
Founded in 1928 through the merger of several driveline companies, BorgWarner has grown through strategic acquisitions and continuous investment in research and development.
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