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

BorgWarner Inc. (NYSE:BWA) announced a quarterly dividend on Wednesday, February 4th. Stockholders 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) dividend on an annualized basis 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 every year for the last 1 years. BorgWarner has a dividend payout ratio of 14.7% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 0.3%

BWA traded down $0.17 on Thursday, hitting $50.32. 2,307,547 shares of the company were exchanged, compared to its average volume of 2,020,381. The stock has a market capitalization of $10.76 billion, a PE ratio of 79.87, a price-to-earnings-growth ratio of 0.98 and a beta of 1.09. BorgWarner has a 12 month low of $24.40 and a 12 month high of $50.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.69 and a current ratio of 2.05. The firm has a fifty day simple moving average of $46.06 and a two-hundred day simple moving average of $43.56.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BWA shares. Robert W. Baird set a $55.00 price objective on BorgWarner in a report on Wednesday, January 14th. Evercore ISI lifted their price target on shares of BorgWarner from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. JPMorgan Chase & Co. boosted their target price on BorgWarner from $45.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Barclays increased their price target on shares of BorgWarner from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Finally, UBS Group increased their price objective on BorgWarner from $46.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $47.31.

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.