Linamar Co. (TSE:LNR) Declares Quarterly Dividend of $0.12

Linamar Co. (TSE:LNR) announced a quarterly dividend on Thursday, August 8th, Zacks reports. Shareholders of record on Friday, August 23rd will be paid a dividend of 0.12 per share on Friday, August 23rd. This represents a $0.48 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, August 22nd.

Shares of LNR opened at C$40.49 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 2.01 and a debt-to-equity ratio of 66.42. Linamar has a twelve month low of C$37.34 and a twelve month high of C$67.00. The stock has a market capitalization of $2.65 billion and a P/E ratio of 4.72. The firm has a fifty day simple moving average of C$43.22 and a two-hundred day simple moving average of C$47.15.

In other Linamar news, insider Linamar Corporation purchased 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of C$39.34 per share, for a total transaction of C$2,360,280.00. Following the purchase, the insider now directly owns 60,000 shares in the company, valued at C$2,360,280. Also, Senior Officer James Jarrell sold 85,300 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of C$45.02, for a total transaction of C$3,840,112.17. Following the completion of the transaction, the insider now owns 34,649 shares of the company’s stock, valued at C$1,559,859.87.

Several research analysts have commented on the stock. BMO Capital Markets decreased their price objective on shares of Linamar from C$56.00 to C$45.00 in a report on Friday, August 9th. CIBC decreased their price objective on shares of Linamar from C$61.00 to C$56.00 in a report on Friday, August 9th. Finally, TD Securities decreased their price objective on shares of Linamar from C$53.00 to C$48.00 and set a “hold” rating for the company in a report on Friday, August 9th.

About Linamar

Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the Rest of North America, the Asia Pacific, Mexico, and Europe. It operates through two segments, Industrial and Transportation. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.

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Dividend History for Linamar (TSE:LNR)

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