Raven Industries, Inc. (NASDAQ:RAVN) declared a quarterly dividend on Thursday, May 21st, Zacks reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, July 16th.

Raven Industries has raised its dividend by an average of 1,790.9% annually over the last three years. Raven Industries has a payout ratio of 53.6% indicating that its dividend is sufficiently covered by earnings. 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%.

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

Raven Industries (NASDAQ:RAVN) last released its quarterly earnings results on Tuesday, May 19th. The conglomerate reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.01. Raven Industries had a return on equity of 9.93% and a net margin of 7.02%. The firm had revenue of $86.50 million during the quarter. On average, equities analysts expect that Raven Industries will post 0.66 earnings per share for the current fiscal year.

In other Raven Industries news, Director Jason M. Andringa bought 3,000 shares of Raven Industries stock in a transaction on Wednesday, July 8th. The shares were purchased at an average cost of $20.17 per share, for a total transaction of $60,510.00. Following the completion of the acquisition, the director now owns 14,600 shares in the company, valued at approximately $294,482. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Several research firms have recently commented on RAVN. BidaskClub cut Raven Industries from a “hold” rating to a “sell” rating in a research note on Friday, June 12th. Oppenheimer assumed coverage on Raven Industries in a research note on Thursday, June 18th. They issued an “outperform” rating and a $27.00 target price for the company. Finally, National Securities restated a “buy” rating and issued a $30.00 price target on shares of Raven Industries in a research report on Thursday, May 21st.

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.

Further Reading: FinTech

Dividend History for Raven Industries (NASDAQ:RAVN)

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