Martinrea International Inc. Declares Quarterly Dividend of $0.05 (TSE:MRE)

Martinrea International Inc. (TSE:MRE) declared a quarterly dividend on Tuesday, March 31st, TickerTech Dividends reports. Shareholders of record on Wednesday, April 15th will be given a dividend of 0.05 per share on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, March 31st.

Martinrea International Price Performance

Shares of TSE:MRE opened at C$9.11 on Tuesday. The stock has a market capitalization of C$656.00 million, a P/E ratio of 6.20, a P/E/G ratio of 0.82 and a beta of 1.84. The business has a 50-day moving average of C$10.01 and a two-hundred day moving average of C$10.25. Martinrea International has a fifty-two week low of C$6.12 and a fifty-two week high of C$11.62. The company has a debt-to-equity ratio of 74.05, a current ratio of 1.19 and a quick ratio of 0.68.

Martinrea International (TSE:MRE) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.67 EPS for the quarter. Martinrea International had a return on equity of 7.13% and a net margin of 2.22%.The business had revenue of C$1.19 billion for the quarter. On average, equities research analysts predict that Martinrea International will post 2.4988962 EPS for the current fiscal year.

About Martinrea International

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea’s products is in North America.