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

NN, Inc. (NASDAQ:NNBR) announced a quarterly dividend on Thursday, January 18th, Zacks reports. Investors 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. The company has a quick ratio of 2.72, a current ratio of 3.16 and a debt-to-equity ratio of 1.80. NN has a fifty-two week low of $19.30 and a fifty-two week high of $32.90. The company has a market cap of $732.07, a P/E ratio of -50.78 and a beta of 0.67.

In other news, Director David Floyd bought 1,865 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of $26.98 per share, with a total value of $50,317.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.80% of the company’s stock.

NNBR has been the topic of several analyst reports. KeyCorp reissued a “buy” rating and issued a $36.00 target price on shares of NN in a research report on Friday, October 20th. ValuEngine downgraded shares of NN from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of NN from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Finally, BidaskClub raised shares of NN from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $34.00.

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About NN

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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