NN, Inc. (NNBR) Announces Quarterly Dividend of $0.07

NN, Inc. (NASDAQ:NNBR) announced a quarterly dividend on Thursday, January 18th, Zacks reports. Shareholders of record on Friday, February 16th will be given a dividend of 0.07 per share by the industrial products company on Friday, March 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, February 15th.

Shares of NN (NASDAQ NNBR) opened at $25.90 on Friday. NN has a 52-week low of $19.30 and a 52-week high of $32.90. The company has a market cap of $732.07, a PE ratio of -50.78 and a beta of 0.67. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.72 and a current ratio of 3.16.

In other NN news, Director David Floyd bought 1,865 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average cost of $26.98 per share, for a total transaction of $50,317.70. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 2.80% of the stock is owned by insiders.

A number of analysts have commented on the stock. KeyCorp restated a “buy” rating and set a $36.00 price target on shares of NN in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of NN from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. ValuEngine upgraded shares of NN from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BidaskClub upgraded shares of NN from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. NN currently has an average rating of “Hold” and an average target price of $34.00.

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NN Company Profile

NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.

Dividend History for NN (NASDAQ:NNBR)

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