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

Key Points

• Martinrea International Inc. declared a quarterly dividend of $0.05 per share, which will be paid on October 15th to investors of record as of September 30th, representing an annual yield of 2.1%.
• The company's stock rose 11.7%, reaching C$9.58, with a trading volume significantly exceeding its average.
• Insider Peter Cirulis purchased 4,568 shares at an average price of C$7.99, indicating confidence in the company's performance.

Martinrea International Inc. (TSE:MRE - Get Free Report) announced a quarterly dividend on Tuesday, August 12th, RTT News reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.05 per share on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 2.1%.

Martinrea International Stock Up 0.5%

Shares of MRE traded up C$0.05 during midday trading on Friday, hitting C$9.55. The company had a trading volume of 224,443 shares, compared to its average volume of 145,261. The company's 50 day moving average price is C$8.58 and its 200 day moving average price is C$8.02. The stock has a market cap of C$709.88 million, a price-to-earnings ratio of 7.12, a PEG ratio of 0.82 and a beta of 2.08. Martinrea International has a 52 week low of C$6.12 and a 52 week high of C$11.91. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 80.32.

Insider Activity at Martinrea International

In other Martinrea International news, Senior Officer Peter Cirulis purchased 4,568 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of C$7.99 per share, with a total value of C$36,485.07. Company insiders own 11.31% of the company's stock.

Martinrea International Company Profile

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.