Barnes Group Inc. (B) to Issue Quarterly Dividend of $0.14
Barnes Group Inc. (NYSE:B) declared a quarterly dividend on Friday, February 9th, RTT News reports. Investors of record on Friday, February 23rd will be paid a dividend of 0.14 per share by the industrial products company on Friday, March 9th. This represents a $0.56 annualized dividend and a yield of 0.94%.
Barnes Group has raised its dividend by an average of 6.9% annually over the last three years and has increased its dividend every year for the last 5 years. Barnes Group has a dividend payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Barnes Group to earn $3.03 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 18.5%.
Barnes Group (B) opened at $59.80 on Friday. The company has a current ratio of 2.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3,178.03, a P/E ratio of 20.80, a P/E/G ratio of 1.96 and a beta of 1.32. Barnes Group has a 12-month low of $47.86 and a 12-month high of $72.87.
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About Barnes Group
Barnes Group Inc is an industrial and aerospace manufacturer and service provider, serving a range of end markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world.
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