BorgWarner Inc. (NYSE:BWA – Get Free Report) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.17 per share by the auto parts company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 1st.
BorgWarner has decreased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. BorgWarner has a dividend payout ratio of 14.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BorgWarner to earn $5.86 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 11.6%.
BorgWarner Stock Performance
Shares of BWA opened at $64.25 on Friday. BorgWarner has a 52 week low of $40.50 and a 52 week high of $78.82. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.76 and a current ratio of 2.13. The firm has a market capitalization of $13.09 billion, a P/E ratio of 32.12, a P/E/G ratio of 1.15 and a beta of 1.10. The stock has a 50 day moving average price of $65.59 and a two-hundred day moving average price of $62.07.
BorgWarner declared that its board has authorized a share buyback plan on Wednesday, August 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
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.
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