Consumer Cyclical Sector Review: Will Ford Get into Russia’s Boom, Applied Industrial’s Dividend
Marine Products Corp. (NYSE:MPX) declared a regular quarterly cash dividend of 2c per share payable March 9 to common stockholders of record at the close of business on February 10.
The shares closed at $6.17, up $0.58, or 10.38%, on the day. Its market capitalization is $230.61 million.
Applied Industrial Tech. (NYSE:AIT) raised the company’s quarterly cash dividend by 2c to 21c per common share, payable on February 29 to shareholders of record on February 15. This cash dividend represents an 11% increase over the previous regular quarterly dividend of 19c per share.
The shares closed at $37.25, down $2.52, or 6.34%, on the day. Its market capitalization is $1.56 billion.
Ford Motor Company (NYSE:F): Some experts believe Russia will surpass Germany to become the largest car market in Europe by the end of the decade, and Detroit auto executives are eager to invest in Russia’s booming auto market, the Detroit News reports. James Bovenzi, president of GM Russia (NYSE:GM), says Russia is a long-term good investment.
The shares closed at $12.93, up $0.11, or 0.86%, on the day. Its market capitalization is $49.14 billion.
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