RBC Bearings Incorporated Declares Special Dividend of $2.00 (ROLL)

Resource from: Mideast Time Likes:109

May 19,2014

RBC Bearings logoRBC Bearings (NASDAQ:ROLL) announced a special dividend on Friday, May 16th, ARN reports. Shareholders of record on Friday, May 30th will be paid a dividend of 2.00 per share on Friday, June 13th. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of RBC Bearings in a research note on Monday, February 17th. They now have a $66.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $67.80. RBC Bearings (NASDAQ:ROLL) traded up 1.32% on Friday, hitting $59.07. The stock had a trading volume of 91,612 shares. RBC Bearings has a 52 week low of $46.58 and a 52 week high of $71.25. The stock’s 50-day moving average is $62.12 and its 200-day moving average is $65.43. The company has a market cap of $1.353 billion and a price-to-earnings ratio of 25.65. RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision plain, roller and ball bearings.

(Mideast Time)

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