BorgWarner Inc. Announces Quarterly Dividend of $0.17 (NYSE:BWA)

BorgWarner Inc. (NYSE:BWA) announced a quarterly dividend on Wednesday, February 4th. Investors of record on Monday, March 2nd will be given a dividend of 0.17 per share by the auto parts company on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, March 2nd.

BorgWarner has decreased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. BorgWarner has a payout ratio of 14.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 0.3%

Shares of NYSE:BWA traded down $0.17 during trading hours on Thursday, hitting $50.32. The company’s stock had a trading volume of 2,307,547 shares, compared to its average volume of 2,020,381. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 79.87, a P/E/G ratio of 0.98 and a beta of 1.09. BorgWarner has a 52 week low of $24.40 and a 52 week high of $50.92. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.05 and a quick ratio of 1.69. The firm’s fifty day moving average price is $46.06 and its 200 day moving average price is $43.56.

About BorgWarner

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.