Rockwell Collins, Inc. (NYSE:COL) to Issue Quarterly Dividend of $0.33

Rockwell Collins, Inc. (NYSE:COL) declared a quarterly dividend on Thursday, February 1st, RTT News reports. Shareholders of record on Monday, February 12th will be paid a dividend of 0.33 per share by the aerospace company on Monday, March 5th. This represents a $1.32 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, February 9th.

Rockwell Collins has raised its dividend by an average of 3.2% per year over the last three years. Rockwell Collins has a dividend payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Rockwell Collins to earn $8.13 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 16.2%.

Shares of Rockwell Collins (COL) opened at $134.44 on Thursday. The firm has a market capitalization of $21,978.19, a price-to-earnings ratio of 25.04, a PEG ratio of 1.78 and a beta of 0.72. Rockwell Collins has a 52-week low of $92.14 and a 52-week high of $139.63. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.56.

Rockwell Collins (NYSE:COL) last released its earnings results on Friday, January 26th. The aerospace company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.06. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. Rockwell Collins had a return on equity of 19.58% and a net margin of 10.99%. The firm’s quarterly revenue was up 68.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 earnings per share. research analysts forecast that Rockwell Collins will post 7.12 EPS for the current year.

A number of equities research analysts have recently weighed in on COL shares. Cowen restated a “hold” rating and set a $135.00 target price on shares of Rockwell Collins in a research report on Friday, January 26th. Royal Bank of Canada set a $140.00 target price on Rockwell Collins and gave the stock a “hold” rating in a research report on Sunday, November 12th. Zacks Investment Research downgraded Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. Credit Suisse Group downgraded Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a research report on Wednesday, November 8th. Finally, Wells Fargo & Co downgraded Rockwell Collins from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Rockwell Collins presently has an average rating of “Hold” and an average price target of $134.01.

In other Rockwell Collins news, CFO Patrick E. Allen sold 25,410 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $135.02, for a total value of $3,430,858.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Douglas E. Stenske sold 3,287 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $135.00, for a total value of $443,745.00. Following the completion of the transaction, the vice president now directly owns 8,776 shares of the company’s stock, valued at $1,184,760. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,065 shares of company stock valued at $5,120,819. Insiders own 1.10% of the company’s stock.

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About Rockwell Collins

Rockwell Collins, Inc designs, produces and supports communications and aviation systems for commercial and military customers. The Company provides information management services through voice and data communication networks and solutions across the world. The Company operates through three segments: Commercial Systems, Government Systems and Information Management Services.

Dividend History for Rockwell Collins (NYSE:COL)

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