Iochpe-Maxion S.A. (OTCMKTS:IOCJY) Increases Dividend to $0.02 Per Share

Iochpe-Maxion S.A. (OTCMKTS:IOCJY) declared a dividend on Friday, September 27th, NASDAQ reports. Investors of record on Monday, October 7th will be paid a dividend of 0.0154 per share on Wednesday, May 7th. The ex-dividend date is Monday, October 7th. This is an increase from Iochpe-Maxion’s previous dividend of $0.0047127.

Iochpe-Maxion Price Performance

Iochpe-Maxion stock remained flat at $1.00 during midday trading on Friday. Iochpe-Maxion has a 1 year low of $0.67 and a 1 year high of $1.20. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.59 and a quick ratio of 1.07. The stock has a market cap of $461.62 million, a price-to-earnings ratio of 20.00 and a beta of 1.24. The business’s fifty day moving average is $0.92 and its two-hundred day moving average is $0.94.

Iochpe-Maxion (OTCMKTS:IOCJY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter. Iochpe-Maxion had a net margin of 0.50% and a return on equity of 1.74%. The company had revenue of $737.68 million for the quarter. Sell-side analysts predict that Iochpe-Maxion will post 0.1 EPS for the current fiscal year.

About Iochpe-Maxion

Iochpe-Maxion SA produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally. It operates in two divisions, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-ups, and SUVs, as well as light and medium commercial vehicles; wheels for agricultural machinery; and light aluminum wheels for automobiles.