Citigroup upgraded shares of Safran (OTCMKTS:SAFRY – Free Report) from a neutral rating to a buy rating in a research note released on Thursday, Marketbeat Ratings reports.
Safran Stock Up 0.3 %
Shares of SAFRY stock opened at $53.25 on Thursday. The stock has a 50-day moving average of $55.97 and a 200-day moving average of $52.02. Safran has a one year low of $36.42 and a one year high of $59.30.
Safran Increases Dividend
The firm also recently announced a dividend, which was paid on Monday, June 17th. Investors of record on Wednesday, May 29th were paid a dividend of $0.592 per share. This is a boost from Safran’s previous dividend of $0.26. The ex-dividend date was Wednesday, May 29th.
About Safran
Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.
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