Raven Industries, Inc. (NASDAQ:RAVN) announced a quarterly dividend on Monday, March 9th, Wall Street Journal reports. Investors of record on Monday, April 13th will be given a dividend of 0.13 per share by the conglomerate on Monday, April 27th. This represents a $0.52 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, April 9th.
Raven Industries has a dividend payout ratio of 55.3% meaning its dividend is sufficiently covered by earnings.
RAVN stock opened at $26.90 on Wednesday. The firm has a market cap of $941.92 million, a PE ratio of 28.02 and a beta of 1.45. The firm’s fifty day moving average is $30.82 and its 200 day moving average is $32.94. Raven Industries has a one year low of $25.71 and a one year high of $40.26.
Several analysts recently commented on the stock. BidaskClub lowered shares of Raven Industries from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 1st. ValuEngine lowered shares of Raven Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Finally, National Securities restated a “hold” rating and set a $36.00 price target on shares of Raven Industries in a research report on Wednesday, November 27th.
About Raven Industries
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.
Read More: Are sell-side analysts objective?
Receive News & Ratings for Raven Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raven Industries and related companies with MarketBeat.com's FREE daily email newsletter.