Raven Industries, Inc. Plans Quarterly Dividend of $0.13 (NASDAQ:RAVN)

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.

Raven Industries (NASDAQ:RAVN) last announced its earnings results on Thursday, August 22nd. The conglomerate reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.10). The firm had revenue of $98.06 million for the quarter. Raven Industries had a return on equity of 12.51% and a net margin of 9.76%.

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.

Featured Story: What is a Call Option?

Dividend History for Raven Industries (NASDAQ:RAVN)

Receive News & Ratings for Raven Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raven Industries and related companies with MarketBeat.com's FREE daily email newsletter.