China Automotive Systems, Inc. (NASDAQ:CAAS) Declares $0.80 Quarterly Dividend

China Automotive Systems, Inc. (NASDAQ:CAAS) announced a quarterly dividend on Friday, July 19th, RTT News reports. Stockholders of record on Tuesday, July 30th will be paid a dividend of 0.80 per share by the auto parts company on Thursday, August 22nd. This represents a $3.20 annualized dividend and a dividend yield of 69.41%. The ex-dividend date is Tuesday, July 30th.

China Automotive Systems Stock Up 1.8 %

CAAS opened at $4.61 on Monday. China Automotive Systems has a 52 week low of $3.04 and a 52 week high of $5.64. The business has a 50 day moving average price of $3.79 and a two-hundred day moving average price of $3.56. The company has a market cap of $139.18 million, a PE ratio of 3.57 and a beta of 2.47.

China Automotive Systems (NASDAQ:CAAS) last released its earnings results on Tuesday, May 14th. The auto parts company reported $0.27 earnings per share (EPS) for the quarter. China Automotive Systems had a return on equity of 10.84% and a net margin of 6.82%. The business had revenue of $139.39 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com raised China Automotive Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 25th.

About China Automotive Systems

China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China, the United States, and internationally. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronics and systems and parts.