MTU Aero Engines AG (OTCMKTS:MTUAY) to Issue Dividend Increase – $0.85 Per Share

MTU Aero Engines AG (OTCMKTS:MTUAY) declared a dividend on Tuesday, May 6th, investing.com reports. Stockholders of record on Tuesday, May 13th will be given a dividend of 0.8513 per share on Wednesday, May 28th. This represents a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, May 12th. This is a 13.2% increase from MTU Aero Engines’s previous dividend of $0.75.

MTU Aero Engines Trading Up 1.5 %

Shares of MTUAY stock opened at $182.70 on Tuesday. MTU Aero Engines has a 52-week low of $116.89 and a 52-week high of $191.30. The company has a 50-day simple moving average of $170.73 and a two-hundred day simple moving average of $169.16. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.86 and a current ratio of 1.18. The company has a market capitalization of $19.67 billion, a price-to-earnings ratio of 28.91 and a beta of 1.12.

MTU Aero Engines (OTCMKTS:MTUAY) last announced its earnings results on Tuesday, May 6th. The company reported $2.09 earnings per share (EPS) for the quarter. MTU Aero Engines had a return on equity of 24.62% and a net margin of 8.64%. Research analysts anticipate that MTU Aero Engines will post 8.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 28th.

MTU Aero Engines Company Profile

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments: Original Equipment Manufacturing (OEM Business); and Maintenance, Repair, and Overhaul (MRO Business).