Rheinmetall (OTCMKTS:RNMBY) Now Covered by Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of Rheinmetall (OTCMKTS:RNMBY) in a research report released on Wednesday morning, MarketBeat reports. The brokerage issued an overweight rating on the stock.

Rheinmetall Price Performance

Shares of RNMBY opened at $109.24 on Wednesday. The company’s 50 day simple moving average is $110.97 and its 200 day simple moving average is $95.35. Rheinmetall has a 1 year low of $48.50 and a 1 year high of $121.85.

Rheinmetall Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 3rd. Stockholders of record on Thursday, May 16th were given a $0.8434 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This is a positive change from Rheinmetall’s previous dividend of $0.64. Rheinmetall’s dividend payout ratio is presently 400.01%.

Rheinmetall Company Profile

Rheinmetall AG provides mobility and security technologies worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade. The Vehicle Systems segment offers combat, logistics, support, and special vehicles, including armored tracked vehicles, CBRN protection systems, artillery, turret systems, and wheeled logistics and tactical vehicles.