American Railcar Industries, Inc. (ARII) Declares Quarterly Dividend of $0.40
American Railcar Industries (NASDAQ:ARII) declared a quarterly dividend on Friday, February 21st, Analyst Ratings Net reports. Shareholders of record on Friday, March 21st will be given a dividend of 0.40 per share on Thursday, March 27th. This represents a $1.60 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, March 19th. This is a positive change from American Railcar Industries’s previous quarterly dividend of $0.25.
ARII has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of American Railcar Industries from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 12th. They now have a $50.20 price target on the stock. On the ratings front, analysts at Longbow Research downgraded shares of American Railcar Industries from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 12th. They now have a $45.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of American Railcar Industries from $35.00 to $50.00 in a research note on Monday, February 3rd. They now have a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $46.44.
Shares of American Railcar Industries (NASDAQ:ARII) traded up 9.10% during mid-day trading on Friday, hitting $62.45. The stock had a trading volume of 742,157 shares. American Railcar Industries has a 52-week low of $29.86 and a 52-week high of $58.29. The stock’s 50-day moving average is $47.34 and its 200-day moving average is $42.1. The company has a market cap of $1.333 billion and a price-to-earnings ratio of 14.05.
American Railcar Industries, Inc is a North American designer and manufacturer of hopper and tank railcars.
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