Barnes (B) today declared its regular quarterly dividend of $0.16 per share of common stock. The stock currently yields 4.08%. Carrying a P/E ratio of 9.50 forward P/E of 10.89 the stock is a good value compared to its competitors. A nice low payout ration of only 34.39% plenty of room to raise the dividend in the future, Now that is what I am talking about.
Has raised the dividend in 2005 it stood at .10 cents a share and today is is .16 cents a share. With a 2 for 1 split in 2006. Barnes Group Inc. (NYSE:B) is a diversified global manufacturer and logistical services company that provides precision component manufacturing and operating service support and solutions to nearly every industry around the world. With more than 70 locations on four continents worldwide, our 5,700 employees deliver on our promise to our customers, ensuring exacting performance, superior support and service, and dynamite results.
Disclosure I am long B shares. Written By Dividend Basket.