BorgWarner Inc. (NYSE:BWA – Get Free Report) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.17 per share by the auto parts company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, September 1st.
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 dividend payout ratio of 14.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BorgWarner to earn $5.70 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 11.9%.
BorgWarner Stock Down 0.9%
NYSE BWA opened at $63.84 on Friday. BorgWarner has a 12 month low of $35.04 and a 12 month high of $78.82. The company’s 50 day simple moving average is $67.98 and its 200 day simple moving average is $59.54. The company has a market capitalization of $13.09 billion, a P/E ratio of 37.78, a PEG ratio of 1.38 and a beta of 1.09. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.75.
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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