Linamar Co. (LNR) To Go Ex-Dividend on April 2nd

Linamar Co. (TSE:LNR) declared a quarterly dividend on Wednesday, March 7th, Zacks reports. Stockholders of record on Tuesday, April 3rd will be given a dividend of 0.12 per share on Tuesday, April 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Monday, April 2nd.

TSE:LNR opened at C$70.38 on Friday. Linamar has a 1-year low of C$54.36 and a 1-year high of C$80.58.

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Linamar (TSE:LNR) last released its earnings results on Wednesday, March 7th. The company reported C$1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.82 by C($0.01). Linamar had a net margin of 6.92% and a return on equity of 14.62%. The company had revenue of C$1.57 billion during the quarter, compared to analysts’ expectations of C$1.55 billion.

In related news, Director William Harrison sold 600 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of C$73.18, for a total value of C$43,908.00.

A number of equities research analysts recently issued reports on LNR shares. Scotiabank boosted their target price on shares of Linamar from C$85.00 to C$90.00 and gave the company an “outperform” rating in a report on Friday, December 15th. BMO Capital Markets lowered their target price on shares of Linamar from C$80.00 to C$74.00 in a report on Wednesday, February 21st. Royal Bank of Canada boosted their target price on shares of Linamar from C$81.00 to C$82.00 and gave the company a “sector perform” rating in a report on Monday, February 12th. Gabelli restated a “buy” rating on shares of Linamar in a report on Thursday, March 8th. Finally, CIBC boosted their target price on shares of Linamar from C$81.00 to C$85.00 in a report on Thursday, March 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$84.00.

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About Linamar

Linamar Corporation is a Canada-based diversified manufacturing company of engineered products powering vehicles, motion, work and lives. The Company operates through two segments: the Powertrain/Driveline and the Industrial. The segments are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.

Dividend History for Linamar (TSE:LNR)

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