Safran SA (OTCMKTS:SAFRY) Declares Dividend Increase – $0.61 Per Share

Safran SA (OTCMKTS:SAFRY) announced a dividend on Friday, May 23rd, investing.com reports. Shareholders of record on Thursday, May 29th will be given a dividend of 0.6108 per share on Monday, June 23rd. This represents a yield of 0.82%. The ex-dividend date is Wednesday, May 28th. This is a 3.2% increase from Safran’s previous dividend of $0.59.

Safran Price Performance

OTCMKTS SAFRY opened at $72.60 on Friday. The business has a fifty day moving average price of $65.75 and a two-hundred day moving average price of $62.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.61 and a current ratio of 0.88. Safran has a fifty-two week low of $51.02 and a fifty-two week high of $74.22.

Analyst Upgrades and Downgrades

SAFRY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a research note on Thursday. Kepler Capital Markets upgraded Safran from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

About Safran

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.