Cubic Corporation (NYSE:CUB) announced a semiannual dividend on Monday, August 14th, Wall Street Journal reports. Investors of record on Friday, September 1st will be given a dividend of 0.135 per share by the scientific and technical instruments company on Friday, September 15th. This represents a yield of 0.62%. The ex-dividend date of this dividend is Wednesday, August 30th.

Cubic Corporation has increased its dividend by an average of 4.0% annually over the last three years. Cubic Corporation has a dividend payout ratio of -36.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Cubic Corporation to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.27 annual dividend with an expected future payout ratio of 12.2%.

Shares of Cubic Corporation (NYSE:CUB) opened at 41.90 on Tuesday. The stock’s market cap is $1.14 billion. Cubic Corporation has a 12-month low of $39.50 and a 12-month high of $55.65. The firm has a 50-day moving average price of $45.17 and a 200 day moving average price of $48.33.

Cubic Corporation (NYSE:CUB) last posted its earnings results on Thursday, August 3rd. The scientific and technical instruments company reported ($0.81) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.86. The business had revenue of $361.87 million for the quarter, compared to the consensus estimate of $383.47 million. Cubic Corporation had a negative return on equity of 4.74% and a negative net margin of 2.20%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Equities research analysts predict that Cubic Corporation will post ($0.58) EPS for the current fiscal year.

Several analysts have issued reports on CUB shares. Zacks Investment Research downgraded Cubic Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BidaskClub downgraded Cubic Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. ValuEngine downgraded Cubic Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Needham & Company LLC reissued a “buy” rating and issued a $52.00 price target (down previously from $55.00) on shares of Cubic Corporation in a research note on Tuesday, May 9th. Finally, J P Morgan Chase & Co raised Cubic Corporation from a “neutral” rating to an “overweight” rating and set a $53.00 price target on the stock in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Cubic Corporation presently has a consensus rating of “Hold” and an average target price of $53.40.

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Cubic Corporation Company Profile

Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).

Dividend History for Cubic Corporation (NYSE:CUB)

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