Delphi Automotive PLC (DLPH) To Go Ex-Dividend on November 7th

Delphi Automotive PLC (NYSE:DLPH) announced a quarterly dividend on Thursday, October 26th, NASDAQ reports. Shareholders of record on Wednesday, November 8th will be paid 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 dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, November 7th.

Delphi Automotive PLC has raised its dividend payment by an average of 19.5% per year over the last three years. Delphi Automotive PLC has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Delphi Automotive PLC to earn $7.19 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 16.1%.

Shares of Delphi Automotive PLC (NYSE:DLPH) opened at $96.89 on Monday. The company has a market cap of $25,757.22, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.06 and a beta of 1.37. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.22 and a current ratio of 1.62. Delphi Automotive PLC has a 1 year low of $60.50 and a 1 year high of $104.09.

Delphi Automotive PLC (NYSE:DLPH) last released its quarterly earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.10. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.10 billion. Delphi Automotive PLC had a return on equity of 57.92% and a net margin of 8.00%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 EPS. sell-side analysts predict that Delphi Automotive PLC will post 6.76 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. BidaskClub raised Delphi Automotive PLC from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Bank of America Corporation lifted their price target on Delphi Automotive PLC from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 26th. KeyCorp lifted their price target on Delphi Automotive PLC from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Robert W. Baird reissued an “outperform” rating and issued a $128.00 target price (up previously from $110.00) on shares of Delphi Automotive PLC in a research note on Thursday, September 28th. They noted that the move was a valuation call. Finally, Citigroup Inc. boosted their target price on shares of Delphi Automotive PLC from $115.00 to $116.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Delphi Automotive PLC has a consensus rating of “Buy” and an average target price of $103.98.

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In other news, SVP Vos Glen W. De sold 2,100 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $91.35, for a total transaction of $191,835.00. Following the completion of the sale, the senior vice president now owns 22,994 shares in the company, valued at approximately $2,100,501.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary L. Cowger sold 8,500 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $98.43, for a total value of $836,655.00. Following the sale, the director now 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. In the last ninety days, insiders have sold 19,075 shares of company stock valued at $1,903,025. Corporate insiders own 0.31% of the company’s stock.

About Delphi Automotive PLC

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.

Dividend History for Delphi Automotive PLC (NYSE:DLPH)

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