Lear Corporation (NYSE:LEA) will begin trading ex-dividend on December 9, 2020. The quarterly dividend payment of $ 0.25 per share is scheduled to be paid on December 29, 2020. The dividend yield based on the latest trading day closing price was 0.63 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of December 9, 2020.
Dividends History
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Lear Corporation recently reported third quarter financial results on October 30, 2020, before market open, manufacturer of automotive parts reported income for the third quarter of $ 3.73 per share, from the revenue of $ 4,900.00 million. The quarterly earnings expanded 5.37 percent while revenues enlarged 1.55 percent compared with the same quarter last year.
Wall street analysts are predicting, LEA to report 3Q20 income of $ 3.14 per share from revenue of $ 4655.15 million. The bottom line results beat street analysts by $ 0.59 or 18.79 percent, at the same time, top line results outshined analysts by $ 244.85 million or 5.26 percent.
Stock Performance
Shares of Lear Corporation traded up $ 0.10 or 0.06 percent on Monday, reaching $ 157.51 with volume of 310.70 thousand shares. Lear Corporation has traded high as $ 157.93 and has cracked $ 154.74 on the downward trend
According to the previous trading day, closing price of $ 157.51, representing a 149.07 % increase from the 52 week low of $ 63.20 and a 0.33 % decrease over the 52 week high of $ 157.93.
The company has a market capital of $ 9.46 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers worldwide. Its Seating segment offers leather and fabric products, seat trim covers, recliner mechanisms, seat tracks and foams, seat structures and mechanisms, and headrests for automobiles and light trucks, compact cars, and sport utility vehicles; and heating and cooling systems. The companys E-Systems segment offers electrical distribution systems that route electrical signals and manage electrical power within the vehicle for traditional vehicle architectures, as well as high power and hybrid electric systems.
