Lear Corporation (LEA) To Go Ex-Dividend on September 2nd

Lear Corporation (NYSE:LEAGet Free Report) announced a quarterly dividend on Thursday, August 13th. Shareholders of record on Wednesday, September 2nd will be paid a dividend of 0.77 per share by the auto parts company on Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 2nd.

Lear has increased its dividend by an average of 0.2%per year over the last three years. Lear has a dividend payout ratio of 22.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lear to earn $16.77 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 18.4%.

Lear Stock Performance

NYSE LEA opened at $124.86 on Friday. Lear has a 1-year low of $96.04 and a 1-year high of $150.33. The company has a 50 day moving average of $135.84 and a 200-day moving average of $131.15. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.51. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 0.59 and a beta of 1.25.

Lear (NYSE:LEAGet Free Report) last announced its earnings results on Friday, July 31st. The auto parts company reported $4.28 EPS for the quarter, topping the consensus estimate of $3.98 by $0.30. The business had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.15 billion. Lear had a return on equity of 14.18% and a net margin of 2.35%.Lear’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.06 EPS. On average, equities analysts forecast that Lear will post 14.87 earnings per share for the current fiscal year.

About Lear

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Lear Corporation (NYSE: LEA) is a global supplier of automotive seating and electrical distribution systems. The company designs, engineers and manufactures complete seat systems, seat components and power solutions for major vehicle manufacturers. Its electrical business delivers modules and components for battery management, infotainment, body and safety electronics, as well as advanced connectivity and electrification solutions.

The seating division develops lightweight, ergonomic seat structures, trim and mechanisms that address comfort, safety and environmental targets.

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Dividend History for Lear (NYSE:LEA)

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