Raven Industries, Inc. (NASDAQ:RAVN) declared a quarterly dividend on Tuesday, August 27th, Zacks reports. Stockholders of record on Friday, October 11th will be paid a dividend of 0.13 per share by the conglomerate on Friday, October 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, October 10th.
Raven Industries has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings.
Shares of NASDAQ RAVN opened at $31.40 on Wednesday. The firm has a market cap of $1.13 billion, a P/E ratio of 21.22 and a beta of 1.44. Raven Industries has a 1-year low of $27.32 and a 1-year high of $46.87. The business’s 50 day moving average is $32.09 and its 200-day moving average is $35.10.
A number of brokerages have recently weighed in on RAVN. BidaskClub upgraded Raven Industries from a “sell” rating to a “hold” rating in a research note on Monday, September 16th. ValuEngine upgraded Raven Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.
Raven Industries Company Profile
Raven Industries, Inc, a technology company, provides various products to customers in the industrial, agricultural, geomembrane, construction, commercial lighter-than-air, and aerospace and defense markets worldwide. It operates through three segments: Applied Technology, Engineered Films, and Aerostar.
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