Linamar Co. (TSE:LNR) to Issue Quarterly Dividend of $0.29

Key Points

• Linamar Co. has announced a quarterly dividend of $0.29 per share, representing a 16.0% increase from the previous dividend of $0.25.
• The dividend will be paid on September 9th to stockholders recorded as of August 22nd, resulting in an annualized dividend yield of 1.6%.
• As of the latest trading, Linamar's stock price is C$73.28, with a market capitalization of C$4.48 billion and a PE ratio of 7.65.

Linamar Co. (TSE:LNR - Get Free Report) announced a quarterly dividend on Wednesday, August 13th, RTT News reports. Stockholders of record on Friday, August 22nd will be given a dividend of 0.29 per share on Tuesday, September 9th. This represents a c) annualized dividend and a dividend yield of 1.6%. This is a 16.0% increase from Linamar's previous quarterly dividend of $0.25.

Linamar Price Performance

TSE LNR opened at C$73.28 on Thursday. The company has a market capitalization of C$4.48 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79. The business's fifty day moving average is C$66.05 and its 200 day moving average is C$57.90. Linamar has a fifty-two week low of C$43.84 and a fifty-two week high of C$73.62.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.

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