LKQ Corporation (NASDAQ:LKQ) Shareholders to Get $0.30 Quarterly Dividend

Key Points

• LKQ declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 6.6% yield. Shareholders of record on November 19 will be paid on December 3.
• The dividend appears well covered, with a current payout ratio of 31.3% and an expected future payout ratio of 41.0% based on projected earnings.
• LKQ reported quarterly EPS of $0.50, below the $0.61 analyst consensus, while revenue fell 5.1% year over year to $3.32 billion.

LKQ Corporation (NASDAQ:LKQ - Get Free Report) announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.30 per share by the auto parts company on Thursday, December 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Thursday, November 19th.

LKQ has a payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect LKQ to earn $2.93 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 41.0%.

LKQ Price Performance

Shares of NASDAQ LKQ traded up $0.91 during midday trading on Thursday, reaching $18.10. 8,389,137 shares of the company traded hands, compared to its average volume of 3,217,104. LKQ has a 12 month low of $16.85 and a 12 month high of $37.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 1.58. The stock's 50-day simple moving average is $23.07 and its 200-day simple moving average is $27.37. The firm has a market cap of $4.58 billion, a PE ratio of 10.06 and a beta of 0.87.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The auto parts company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.11). LKQ had a return on equity of 10.84% and a net margin of 3.37%. The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the previous year, the business posted $0.84 EPS. The business's quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities analysts anticipate that LKQ will post 2.58 earnings per share for the current fiscal year.

About LKQ

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ's operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.

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