Martinrea International Inc. (MRE) Declares Quarterly Dividend of C$0.03

Martinrea International (TSE:MRE) declared a Quarterly dividend on Monday, December 29th, American Banking & Market News reports. Stockholders of record on Thursday, January 15th will be given a dividend of 0.03 per share on Thursday, January 15th. This represents a yield of 1.21%. The ex-dividend date of this dividend is Monday, December 29th.

A number of research firms have recently commented on MRE. Analysts at Canaccord Genuity downgraded shares of Martinrea International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 11th. They now have a C$11.00 price target on the stock, down previously from C$17.00. Analysts at CIBC cut their price target on shares of Martinrea International from C$17.00 to C$14.50 in a research note on Friday, October 17th. They now have an “outperform” rating on the stock.

Shares of Martinrea International (TSE:MRE) traded down 0.10% on Tuesday, hitting $10.35. The stock had a trading volume of 46,416 shares. Martinrea International has a 1-year low of $7.73 and a 1-year high of $14.70. The stock’s 50-day moving average is $10.05 and its 200-day moving average is $12.30. The company has a market cap of $878.8 million and a price-to-earnings ratio of 115.11.

Martinrea International Inc (TSE:MRE) is a Canada-based Company engaged in the production and development of quality metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector.

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