LONDON, UK / ACCESSWIRE / January 16, 2018 / Active-Investors has a free review on Adient PLC (NYSE: ADNT) following the Company's announcement that it will begin trading ex-dividend on January 17, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 16, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on ADNT:
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Dividend Declared
On November 07, 2017, Adient's Board of Directors announced that its Board of Directors declared a quarterly cash dividend of US$0.275 per ordinary share, payable on February 15, 2018, to shareholders of record at the close of business on January 18, 2018.
Adient's indicated dividend represents a yield of 1.35% compared to the average dividend yield of 2.13% for the Basic Materials sector.
Dividend Insight
Adient has a dividend payout ratio of 10.6%, which denotes that the Company spends approximately $0.11 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Adient is forecasted to report earnings of $11.50 per share for the next year, which is substantially above the Company's annualized dividend of $1.44 per share.
For the fiscal year ended September 30, 2017, Adient generated cash provided by operating activities of $746 million compared to cash utilized in operating activities of $1.03 billion for the fiscal year ended September 30, 2016. The Company's cash and cash equivalents totaled $709 million as on September 30, 2017, compared to $105 million as on September 30, 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for Adient
On January 04, 2018, Adient announced that it will host a call for financial analysts on January 29, 2018, at 8:30 a.m. (ET) to discuss its first quarter fiscal 2018 financial results. The call will be hosted by Adient's Chairman and CEO, R. Bruce McDonald and Executive Vice President and CFO, Jeff Stafeil.
About Adient
Adient is a global leader in automotive seating. With 85,000 employees operating 238 manufacturing/assembly plants in 34 countries worldwide, the Company produces and deliver automotive seating for all vehicle classes and all major OEMs. From complete seating systems to individual components, Adient's expertise spans every step of the automotive seat-making process. The Company's integrated, in-house skills allows it to take Adient's products from research and design all the way to engineering and manufacturing – and into more than 25 million vehicles every year.
Stock Performance Snapshot
January 12, 2018 - At Friday's closing bell, Adient's stock fell 1.08%, ending the trading session at $82.69.
Volume traded for the day: 791.51 thousand shares, which was above the 3-month average volume of 711.16 thousand shares.
Stock performance in the last month – up 2.87%; previous six-month period – up 20.10%; past twelve-month period – up 37.63%; and year-to-date – up 5.07%
After last Friday's close, Adient's market cap was at $7.71 billion.
Price to Earnings (P/E) ratio was at 8.85.
The stock has a dividend yield of 1.33%.
The stock is part of the Basic Materials sector, categorized under the Industrial Metals & Minerals industry. This sector was up 1.0% at the end of the session.
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