Raven Industries, Inc. (NASDAQ:RAVN) declared a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, January 10th will be given a dividend of 0.13 per share by the conglomerate on Friday, January 24th. This represents a $0.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, January 9th.
Shares of NASDAQ:RAVN traded up $0.48 during trading hours on Wednesday, hitting $34.87. 126,718 shares of the company’s stock traded hands, compared to its average volume of 109,862. Raven Industries has a 52 week low of $27.32 and a 52 week high of $41.39. The company’s fifty day simple moving average is $34.29 and its two-hundred day simple moving average is $33.91. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 34.72 and a beta of 1.46.
Raven Industries (NASDAQ:RAVN) last announced its earnings results on Tuesday, November 26th. The conglomerate reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Raven Industries had a net margin of 9.06% and a return on equity of 11.45%. The company had revenue of $100.53 million during the quarter.
Several research analysts have commented on the stock. National Securities reiterated a “hold” rating and issued a $36.00 target price on shares of Raven Industries in a report on Wednesday, November 27th. BidaskClub cut shares of Raven Industries from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Finally, ValuEngine upgraded shares of Raven Industries from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.
About Raven Industries
Raven Industries, Inc, a technology company, provides various products to customers in the industrial, agricultural, geomembrane, construction, commercial lighter-than-air, and aerospace and defense markets worldwide. It operates through three segments: Applied Technology, Engineered Films, and Aerostar.
Further Reading: Net Asset Value
Receive News & Ratings for Raven Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raven Industries and related companies with MarketBeat.com's FREE daily email newsletter.