Lear Corporation (NYSE:LEA – Get 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.
About Lear
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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