|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||898.40 - 920.48|
|52-week range||700.60 - 980.00|
|Beta (5Y monthly)||1.75|
|PE ratio (TTM)||156.52|
|Forward dividend & yield||23.19 (2.39%)|
|Ex-dividend date||26 Nov 2021|
|1y target est||N/A|
Global passenger car production hasn't grown year over year since 2017, and the semiconductor shortage ensured that light global vehicle production (LVP) will only increase by around 1.2% in 2021. With the industry set for a multi-year recovery beginning in 2022, it's time to look at auto parts manufacturers Autoliv (NYSE: ALV) and Magna International (NYSE: MGA), and automotive coatings company Axalta Coating Systems (NYSE: AXTA).
Investing in companies that pay sizable dividends can be a great way to supplement income in retirement or simply earn passive, low-tax income without the need to sell securities. Yamana Gold, Kinder Morgan, and Autoliv all have strong fundamentals that can back up their dividends.
Investors looking for companies that have good reason to expect better times ahead should consider an automotive stock, a toolmaker, and an aerospace giant.