Linamar Co. (LNR) Insider Dale Schneider Acquires 298 Shares of Stock
Linamar Co. (TSE:LNR) insider Dale Schneider purchased 298 shares of Linamar stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average cost of C$75.99 per share, with a total value of C$22,645.02.
Linamar Co. (TSE:LNR) traded up C$1.51 during trading on Wednesday, reaching C$76.02. 297,083 shares of the company traded hands, compared to its average volume of 184,103. Linamar Co. has a one year low of C$54.36 and a one year high of C$80.58.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were issued a $0.121 dividend. This represents a $0.48 annualized dividend and a yield of 0.64%. This is a positive change from Linamar’s previous quarterly dividend of $0.12. The ex-dividend date was Wednesday, November 22nd. Linamar’s dividend payout ratio is currently 5.87%.
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Linamar Corporation is a Canada-based diversified manufacturing company of engineered products powering vehicles, motion, work and lives. The Company operates through two segments: the Powertrain/Driveline and the Industrial. The segments are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.
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