Martinrea International Inc. (TSE:MRE) Declares Quarterly Dividend of $0.05

Martinrea International Inc. (TSE:MRE) declared a quarterly dividend on Tuesday, March 31st, TickerTech Dividends reports. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.05 per share on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, March 31st.

Martinrea International Price Performance

TSE:MRE opened at C$9.34 on Wednesday. Martinrea International has a 52-week low of C$6.12 and a 52-week high of C$11.62. The company has a market cap of C$672.56 million, a P/E ratio of 6.35, a P/E/G ratio of 0.82 and a beta of 1.84. The company has a debt-to-equity ratio of 74.05, a quick ratio of 0.68 and a current ratio of 1.19. The stock’s 50-day simple moving average is C$9.99 and its 200 day simple moving average is C$10.24.

Martinrea International (TSE:MRE) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.67 EPS for the quarter. The firm had revenue of C$1.19 billion during the quarter. Martinrea International had a return on equity of 7.13% and a net margin of 2.22%. As a group, sell-side analysts forecast that Martinrea International will post 2.4988962 EPS for the current fiscal year.

About Martinrea International

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea’s products is in North America.