Babcock & Wilcox Co. Declares Quarterly Dividend of $0.10 (BWC)
Babcock & Wilcox Co. (NYSE:BWC) announced a quarterly dividend on Monday, February 17th, AmericanBankingNews.com reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.10 per share on Monday, March 17th. This represents a $0.40 annualized dividend and a dividend yield of 1.17%.
A number of analysts have recently weighed in on BWC shares. Analysts at Zacks downgraded shares of Babcock & Wilcox Co. from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 2nd. They now have a $32.50 price target on the stock. Analysts at Stephens initiated coverage on shares of Babcock & Wilcox Co. in a research note on Thursday, December 19th. They set an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $232.08.
Shares of Babcock & Wilcox Co. (NYSE:BWC) traded up 0.26% during mid-day trading on Monday, hitting $34.17. 328,509 shares of the company’s stock traded hands. Babcock & Wilcox Co. has a 1-year low of $25.49 and a 1-year high of $35.40. The stock has a 50-day moving average of $34.06 and a 200-day moving average of $32.82. The company has a market cap of $3.786 billion and a P/E ratio of 17.73.
The Babcock & Wilcox Company (NYSE:BWC) is a technology innovator in power generation systems, a specialty constructor of nuclear components and a service provider in its segments.
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