Delphi Automotive PLC (DLPH) Plans $0.29 Quarterly Dividend
Delphi Automotive PLC (NYSE:DLPH) declared a quarterly dividend on Thursday, October 26th, NASDAQ reports. Investors of record on Wednesday, November 8th will be given a dividend of 0.29 per share by the auto parts company on Wednesday, November 22nd. This represents a $1.16 annualized dividend and a yield of 1.17%. The ex-dividend date is Tuesday, November 7th.
Delphi Automotive PLC has raised its dividend payment by an average of 19.5% annually over the last three years. Delphi Automotive PLC has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Delphi Automotive PLC to earn $7.18 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 16.2%.
Delphi Automotive PLC (NYSE:DLPH) last issued its quarterly earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.10. Delphi Automotive PLC had a return on equity of 60.14% and a net margin of 7.51%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year.
A number of brokerages recently issued reports on DLPH. BidaskClub upgraded Delphi Automotive PLC from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Bank of America Corporation upped their target price on Delphi Automotive PLC from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, September 26th. KeyCorp upped their target price on Delphi Automotive PLC from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Robert W. Baird reissued an “outperform” rating and issued a $128.00 price target (up from $110.00) on shares of Delphi Automotive PLC in a research report on Thursday, September 28th. They noted that the move was a valuation call. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $95.00 price target on shares of Delphi Automotive PLC in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Delphi Automotive PLC has a consensus rating of “Buy” and an average target price of $103.82.
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In other Delphi Automotive PLC news, Director Thomas W. Sidlik sold 8,475 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $103.19, for a total transaction of $874,535.25. Following the completion of the transaction, the director now owns 10,564 shares of the company’s stock, valued at approximately $1,090,099.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary L. Cowger sold 8,500 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $98.43, for a total transaction of $836,655.00. Following the completion of the transaction, the director now directly owns 29,960 shares of the company’s stock, valued at approximately $2,948,962.80. The disclosure for this sale can be found here. Insiders sold a total of 19,075 shares of company stock valued at $1,903,025 in the last quarter. 0.31% of the stock is currently owned by company insiders.
Delphi Automotive PLC Company Profile
Delphi Automotive PLC is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic, powertrain and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, Powertrain Systems, and Electronics and Safety.
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