BorgWarner Inc. (BWA) to Issue Quarterly Dividend of $0.17 on March 16th

BorgWarner Inc. (NYSE:BWA) declared a quarterly dividend on Wednesday, February 4th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.17 per share by the auto parts company on Monday, March 16th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, March 2nd.

BorgWarner has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. BorgWarner has a payout ratio of 14.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of BWA opened at $50.32 on Friday. The firm has a 50-day simple moving average of $46.21 and a two-hundred day simple moving average of $43.60. The stock has a market cap of $10.76 billion, a PE ratio of 79.87, a P/E/G ratio of 1.02 and a beta of 1.09. BorgWarner has a 1-year low of $24.40 and a 1-year high of $50.92. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.05 and a quick ratio of 1.69.

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.