BorgWarner Inc. (NYSE:BWA) Plans $0.17 Quarterly Dividend

BorgWarner Inc. (NYSE:BWA) announced a quarterly dividend on Thursday, November 13th. Stockholders of record on Monday, December 1st will be given a dividend of 0.17 per share by the auto parts company on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, December 1st.

BorgWarner has decreased its dividend payment by an average of 0.1%annually 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% meaning its dividend is sufficiently covered by earnings. Research analysts expect BorgWarner to earn $4.87 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 14.0%.

BorgWarner Stock Performance

BorgWarner stock traded down $0.65 during trading hours on Thursday, reaching $45.36. 1,453,441 shares of the stock were exchanged, compared to its average volume of 2,685,759. BorgWarner has a 52-week low of $24.40 and a 52-week high of $46.39. The stock has a market cap of $9.70 billion, a P/E ratio of 48.25, a P/E/G ratio of 1.58 and a beta of 1.06. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.66 and a current ratio of 2.02. The firm’s 50 day moving average is $43.68 and its 200 day moving average is $38.26.

BorgWarner (NYSE:BWA) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.58 billion. BorgWarner had a return on equity of 16.17% and a net margin of 1.50%.The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. BorgWarner has set its FY 2025 guidance at 4.600-4.750 EPS. Analysts predict that BorgWarner will post 4.28 EPS for the current fiscal year.

BorgWarner declared that its Board of Directors has authorized a share repurchase plan on Thursday, July 31st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the auto parts company to reacquire up to 13.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

BorgWarner Company Profile

BorgWarner Inc, together with its subsidiaries, provides solutions for combustion, hybrid, and electric vehicles worldwide. It offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters, battery modules and systems, battery heaters, and battery charging.