Saab AB (OTCMKTS:SAABY – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.13 and last traded at $20.87, with a volume of 193556 shares trading hands. The stock had previously closed at $19.52.
Wall Street Analyst Weigh In
Separately, UBS Group upgraded shares of Saab from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 24th.
View Our Latest Report on SAABY
Saab Trading Down 11.4 %
Saab Announces Dividend
The business also recently declared a dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, April 14th will be issued a dividend of $0.0493 per share. The ex-dividend date is Monday, April 14th. Saab’s dividend payout ratio (DPR) is currently 27.27%.
About Saab
Saab AB (publ) provides products, services, and solutions for military defense, aviation, and civil security markets worldwide. The company operates through Aeronautics, Dynamics, Surveillance, Kockums, and Combitech segments. The company develops military aviation technology, as well as conducts studies on manned and unmanned aircraft.
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