Raven Industries, Inc. (RAVN) To Go Ex-Dividend on July 16th

Raven Industries, Inc. (NASDAQ:RAVN) announced a quarterly dividend on Thursday, May 21st, Zacks reports. Shareholders of record on Friday, July 17th will be paid a dividend of 0.13 per share by the conglomerate on Friday, July 31st. This represents a $0.52 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, July 16th.

Raven Industries has increased its dividend payment by an average of 1,790.9% annually over the last three years. Raven Industries has a dividend payout ratio of 53.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Raven Industries to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 59.1%.

Shares of Raven Industries stock opened at $20.96 on Tuesday. Raven Industries has a fifty-two week low of $16.01 and a fifty-two week high of $38.00. The company has a quick ratio of 2.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.16. The firm has a market cap of $747.15 million, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 3.16 and a beta of 1.39. The business has a fifty day simple moving average of $21.28 and a 200-day simple moving average of $25.46.

Raven Industries (NASDAQ:RAVN) last announced its earnings results on Tuesday, May 19th. The conglomerate reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Raven Industries had a return on equity of 9.93% and a net margin of 7.02%. The company had revenue of $86.50 million for the quarter. Analysts anticipate that Raven Industries will post 0.66 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on RAVN shares. Oppenheimer began coverage on Raven Industries in a report on Thursday, June 18th. They set an “outperform” rating and a $27.00 price objective for the company. BidaskClub lowered shares of Raven Industries from a “hold” rating to a “sell” rating in a research note on Friday, June 12th. Finally, National Securities reiterated a “buy” rating and set a $30.00 price target on shares of Raven Industries in a research note on Thursday, May 21st.

In other news, Director Jason M. Andringa bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were acquired at an average cost of $20.17 per share, with a total value of $60,510.00. Following the completion of the transaction, the director now directly owns 14,600 shares in the company, valued at $294,482. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

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.

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Dividend History for Raven Industries (NASDAQ:RAVN)

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