BorgWarner Inc. (NYSE:BWA – Get Free Report) declared a quarterly dividend on Wednesday, February 4th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.17 per share by the auto parts company on Monday, March 16th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, March 2nd.
BorgWarner has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. BorgWarner has a payout ratio of 14.7% meaning its dividend is sufficiently covered by earnings. 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 Price Performance
Shares of NYSE:BWA opened at $57.54 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.70 and a current ratio of 2.07. The company has a market capitalization of $11.91 billion, a P/E ratio of 46.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.09. The company’s 50-day moving average is $51.26 and its 200 day moving average is $46.14. BorgWarner has a fifty-two week low of $24.40 and a fifty-two week high of $70.08.
BorgWarner Company Profile
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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