Lear Corporation to Issue Quarterly Dividend of $0.77 (NYSE:LEA)

Lear Corporation (NYSE:LEA) announced a quarterly dividend on Thursday, February 12th. Stockholders of record on Thursday, March 5th will be given a dividend of 0.77 per share by the auto parts company on Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, March 5th.

Lear has increased its dividend payment by an average of 0.2%annually over the last three years. Lear has a payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lear to earn $14.97 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 20.6%.

Lear Stock Down 1.5%

Shares of NYSE LEA opened at $136.78 on Friday. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 1.09 and a beta of 1.30. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.35 and a quick ratio of 1.05. The business has a 50-day moving average of $120.91 and a two-hundred day moving average of $109.69. Lear has a 1 year low of $73.85 and a 1 year high of $142.84.

Lear (NYSE:LEA) last issued its earnings results on Wednesday, February 4th. The auto parts company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.74. Lear had a net margin of 1.88% and a return on equity of 13.40%. The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.78 billion. During the same quarter in the prior year, the business posted $2.94 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts forecast that Lear will post 12.89 earnings per share for the current fiscal year.

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.