Unique Fabricating Inc Announces Quarterly Dividend of $0.15 (UFAB)
Unique Fabricating Inc (NYSEAMERICAN:UFAB) announced a quarterly dividend on Friday, August 10th, Wall Street Journal reports. Shareholders of record on Friday, August 31st will be paid a dividend of 0.15 per share by the auto parts company on Friday, September 7th. This represents a $0.60 annualized dividend and a yield of 7.10%. The ex-dividend date of this dividend is Thursday, August 30th.
Unique Fabricating has a payout ratio of 74.1% indicating that its dividend is sufficiently covered by earnings.
Shares of Unique Fabricating stock opened at $8.45 on Friday. Unique Fabricating has a twelve month low of $7.05 and a twelve month high of $9.70.
Several research firms have commented on UFAB. Zacks Investment Research lowered shares of Unique Fabricating from a “hold” rating to a “sell” rating in a report on Thursday, May 10th. Roth Capital reissued a “buy” rating on shares of Unique Fabricating in a report on Wednesday, May 16th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $10.63.
Unique Fabricating Company Profile
Unique Fabricating, Inc engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration, harshness, acoustical management, water and air sealing, decorative, and other functional applications. It offers die cut products, such as trim insulation, headliner insulation, fender acoustical pad, A/B/C pillar cover, dashboard seal, cup holder base, and under hood insulation products, as well as heating, ventilation, and air conditioning (HVAC) seals; thermoformed and compression molded products, including HVAC air ducts, door water shields, evaporator liners, console bin mats and fender insulators, and others; and fusion molded products comprising interior mirror, body-in-white, cowl to hood, and cowl to fender seals.
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