Linamar Co. (TSE:LNR) Plans Quarterly Dividend of $0.25

Linamar Co. (TSE:LNR) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Investors of record on Friday, August 23rd will be paid a dividend of 0.25 per share on Monday, September 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Friday, August 23rd.

Linamar Stock Performance

TSE:LNR opened at C$62.24 on Wednesday. Linamar has a twelve month low of C$56.78 and a twelve month high of C$73.84. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 46.32. The company has a 50-day moving average of C$65.97 and a 200-day moving average of C$67.48. The firm has a market cap of C$3.83 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 1.12 and a beta of 1.48.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LNR shares. CIBC reduced their price objective on shares of Linamar from C$92.00 to C$88.00 in a research report on Friday, August 9th. BMO Capital Markets reduced their price objective on shares of Linamar from C$90.00 to C$80.00 in a research report on Friday, August 9th. TD Securities reduced their price objective on shares of Linamar from C$95.00 to C$92.00 in a research report on Friday, August 9th. Raymond James raised their price objective on shares of Linamar from C$70.00 to C$74.00 in a research report on Thursday, May 9th. Finally, Scotiabank upped their price objective on shares of Linamar from C$85.00 to C$90.00 in a research note on Thursday, May 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Linamar currently has an average rating of “Moderate Buy” and an average price target of C$84.80.

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.