Iochpe-Maxion S.A. (OTCMKTS:IOCJY) Increases Dividend to $0.02 Per Share

Iochpe-Maxion S.A. (OTCMKTS:IOCJY) announced a dividend on Friday, September 27th, NASDAQ reports. Shareholders of record on Monday, October 7th will be paid a dividend of 0.0154 per share on Wednesday, May 7th. The ex-dividend date is Monday, October 7th. This is a positive change from Iochpe-Maxion’s previous dividend of $0.0047127.

Iochpe-Maxion Stock Performance

Shares of IOCJY remained flat at $1.00 during mid-day trading on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.59 and a quick ratio of 1.07. The firm has a market cap of $461.62 million, a PE ratio of 20.00 and a beta of 1.24. Iochpe-Maxion has a 12 month low of $0.67 and a 12 month high of $1.20. The business’s 50-day simple moving average is $0.92 and its 200-day simple moving average is $0.94.

Iochpe-Maxion (OTCMKTS:IOCJY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.02 earnings per share for the quarter. Iochpe-Maxion had a net margin of 0.50% and a return on equity of 1.74%. The business had revenue of $737.68 million during the quarter. As a group, sell-side analysts predict that Iochpe-Maxion will post 0.1 earnings per share for the current fiscal year.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally. It operates in two divisions, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-ups, and SUVs, as well as light and medium commercial vehicles; wheels for agricultural machinery; and light aluminum wheels for automobiles.