Iochpe-Maxion SA (OTCMKTS:IOCJY) Plans $0.01 Dividend

Key Points

• Iochpe-Maxion SA declared a dividend of $0.01 per share, with stockholders of record on October 13 set to receive this payment on May 7, representing a significant dividend yield of 208.0%.
• The company's recent performance includes a reported EPS of $0.03, meeting estimates, with quarterly revenue of $746.48 million, contrasting significantly with the consensus estimate of $4.26 billion.
• Iochpe-Maxion operates primarily in the automotive sector, producing wheels and structural components for vehicles across multiple regions, including North America, South America, Europe, and Asia.

Iochpe-Maxion SA (OTCMKTS:IOCJY - Get Free Report) declared a dividend on Friday, October 3rd, investing.com reports. Stockholders of record on Monday, October 13th will be given a dividend of 0.0125 per share on Thursday, May 7th. This represents a dividend yield of 208.0%. The ex-dividend date is Friday, October 10th.

Iochpe-Maxion Stock Performance

IOCJY opened at $0.60 on Friday. Iochpe-Maxion has a 52-week low of $0.50 and a 52-week high of $0.95. The company has a quick ratio of 1.04, a current ratio of 1.68 and a debt-to-equity ratio of 1.10. The company has a market cap of $276.70 million, a P/E ratio of 6.00 and a beta of 0.93. The firm's 50-day moving average price is $0.88 and its 200-day moving average price is $0.66.

Iochpe-Maxion (OTCMKTS:IOCJY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. Iochpe-Maxion had a net margin of 1.74% and a return on equity of 5.67%. The firm had revenue of $746.48 million for the quarter, compared to the consensus estimate of $4.26 billion. As a group, equities analysts anticipate that Iochpe-Maxion will post 0.09 EPS for the current fiscal year.

About Iochpe-Maxion

Iochpe-Maxion SA produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally. It operates in two divisions, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-ups, and SUVs, as well as light and medium commercial vehicles; wheels for agricultural machinery; and light aluminum wheels for automobiles.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.