LKQ Corporation (NASDAQ:LKQ – Get Free Report) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.30 per share by the auto parts company on Thursday, September 3rd. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Thursday, August 20th.
LKQ has a payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect LKQ to earn $3.10 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 38.7%.
LKQ Price Performance
LKQ stock opened at $25.45 on Tuesday. LKQ has a one year low of $21.17 and a one year high of $37.13. The firm has a 50-day moving average of $25.42 and a two-hundred day moving average of $28.41. The firm has a market capitalization of $6.44 billion, a PE ratio of 14.14 and a beta of 0.84. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52.
LKQ Company Profile
LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.
Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.
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