BorgWarner Inc. (NYSE:BWA) Shareholders Set to Receive $0.17 Quarterly Dividend

BorgWarner Inc. (NYSE:BWA) announced a quarterly dividend on Wednesday, November 11th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.17 per share by the auto parts company on Tuesday, December 15th. This represents a $0.68 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, December 1st.

BorgWarner has a payout ratio of 14.7% meaning its dividend is sufficiently covered by earnings. Analysts expect BorgWarner to earn $5.89 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 11.5%.

BorgWarner Stock Performance

Shares of BorgWarner stock traded down $0.19 during trading hours on Thursday, reaching $51.07. The company’s stock had a trading volume of 1,493,647 shares, compared to its average volume of 2,762,233. BorgWarner has a one year low of $40.73 and a one year high of $78.82. The company’s 50 day simple moving average is $59.01 and its 200 day simple moving average is $60.64. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.41. The stock has a market cap of $10.26 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 0.71 and a beta of 1.20.

BorgWarner (NYSE:BWA) last announced its quarterly earnings data on Thursday, October 29th. The auto parts company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.14. BorgWarner had a net margin of 3.36% and a return on equity of 19.61%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, analysts expect that BorgWarner will post 5.27 EPS for the current fiscal year.

About BorgWarner

BorgWarner Inc. is a global automotive supplier that develops and manufactures technologies for passenger vehicles, commercial vehicles and other applications. Its products support vehicles powered by internal combustion engines as well as hybrid and electric vehicles. The company’s offerings include turbocharging systems, transmission components, electric motors, power electronics, battery and thermal-management systems, and technologies that help control emissions. BorgWarner supplies automakers and commercial-vehicle manufacturers around the world, with operations serving markets across North America, Europe and Asia.