Barnes Group, Inc. (NYSE:B) declared quarterly dividend of $ 0.16 per share, or $ 0.64 annualized.
The dividend will be payable on December 10, 2020, to stockholders of record on November 24, 2020, with an ex-dividend date of November 23, 2020.
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Barnes Group, Inc. recently reported second quarter financial results on July 28, 2020, before market open, the Bristol based company communicated income for the second quarter of $ 0.27 per share, from the revenue of $ 235.54 million. The quarterly earnings lowered 64.00 percent compared with the same quarter last year. According to street consensus, B was expected to report 2Q20 income of $ 0.21 per share from revenue of $ 240.35 million. The bottom line results beat street analysts by $ 0.06 or 28.57 percent, at the same time, top line results fell short of analysts by $ 4.81 million or 2 percent.
Shares of Barnes Group, Inc. traded up $ 0.85 or 2.14 percent on Friday, reaching $ 40.52 with volume of 73.20 thousand shares. The stock opened down for the day at $ 39.60, after closing the previous day trading at $ 39.67.
According to the previous trading day, closing price of $ 39.67, representing a 31.27 % increase from the 52 week low of $ 30.22 and a 42.17 % decrease over the 52 week high of $ 68.60.
The company has a market capital of $ 2.05 billion and is part of the Industrials sector and Diversified Industrials industry.
Barnes Group Inc. operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices.