Lear Corporation Declares Quarterly Dividend of $0.77 (NYSE:LEA)

Lear Corporation (NYSE:LEA) announced a quarterly dividend on Thursday, August 13th. Stockholders of record on Wednesday, September 2nd will be given a dividend of 0.77 per share by the auto parts company on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 2nd.

Lear has raised its dividend by an average of 0.2%annually over the last three years. Lear has a dividend payout ratio of 22.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lear to earn $16.77 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 18.4%.

Lear Stock Up 1.0%

Shares of LEA opened at $122.48 on Friday. The firm’s 50-day simple moving average is $136.17 and its 200 day simple moving average is $131.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.04 and a current ratio of 1.31. The firm has a market cap of $6.04 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 0.58 and a beta of 1.25. Lear has a 52 week low of $96.04 and a 52 week high of $150.33.

Lear (NYSE:LEA) last released its quarterly earnings results on Friday, July 31st. The auto parts company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.30. The business had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.15 billion. Lear had a return on equity of 14.18% and a net margin of 2.35%.The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.06 EPS. On average, analysts forecast that Lear will post 14.87 earnings per share for the current year.

Lear News Summary

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Lear’s board declared a quarterly cash dividend of $0.77 per share, payable September 22 to shareholders of record September 2. The payment equates to approximately $3.08 annually and a yield near 2.5%, reinforcing the investment case for income-oriented investors. Lear Declares Quarterly Cash Dividend
• Positive Sentiment: A Zacks analysis characterized Lear (LEA) as a strong value stock. Lear’s valuation metrics support that view, including a price-to-earnings ratio of about 11.4 and a PEG ratio near 0.58, potentially attracting investors seeking inexpensive earnings growth. Here’s Why Lear Is a Strong Value Stock
• Neutral Sentiment: The remaining recent articles concern unrelated topics, including sports, cryptocurrency security, options education, politics and other companies. They do not appear to have a direct effect on Lear’s stock.

About Lear

Lear Corporation (NYSE: LEA) is a global supplier of automotive seating and electrical distribution systems. The company designs, engineers and manufactures complete seat systems, seat components and power solutions for major vehicle manufacturers. Its electrical business delivers modules and components for battery management, infotainment, body and safety electronics, as well as advanced connectivity and electrification solutions.

The seating division develops lightweight, ergonomic seat structures, trim and mechanisms that address comfort, safety and environmental targets.