Leonardo DRS Dividend and Recent Developments: Key Insights Before May 22, 2025
Generated by AI AgentAinvest Dividend Digest
Monday, May 19, 2025 1:02 am ET1min read
DRS--
Leonardo DRS has announced a cash dividend of $0.09 per share, consistent with the average of its last ten dividends. The announcement was made on May 8th, 2025, with the ex-dividend date set for May 22nd, 2025, and the payment date scheduled for Jun 5th, 2025. Previously, the company distributed the same dividend amount on Mar 27th, 2025, also as a cash dividend.
Recently, Leonardo DRSDRS-- has made headlines with significant developments. Over the past week, DRS Laurel Technologies, a subsidiary of Leonardo DRS, secured a $51 million contract modification from the U.S. Navy to provide engineering support, reinforcing its position in defense contracting. Analysts have noted that the contract could bolster the company's revenue streams and enhance its operational capabilities.
As of late, Leonardo DRS's stock has experienced notable fluctuations, reaching a new 52-week high recently and trading at approximately $40.45, influenced by the positive earnings report for Q1 CY2025. The company exceeded Wall Street expectations, reporting a year-on-year revenue increase of 16.1%, reaching $799 million, and adjusted EPS that surpassed analyst estimates by 21.7%. Over the past week, CEO Lynn William III sold 45,000 shares of common stock, valued at $1,834,650, which has sparked discussions about insider confidence and the firm's future prospects.
Since the last update, Leonardo DRS's fundamentals remain robust, with a backlog of $8.61 billion and reaffirmed guidance for full-year revenue and adjusted profit. Despite potential headwinds such as volatile germanium prices and supply chain scrutiny, the company is investing in facility expansion and technology development to align with evolving defense priorities. Management remains optimistic about maintaining strong demand from U.S. defense customers.
In conclusion, Leonardo DRS presents a stable dividend outlook and promising growth opportunities, backed by solid earnings and strategic contracts. Investors should note that May 22nd, 2025 is the ex-dividend date, marking the last chance to purchase shares to receive the upcoming dividend. Buying shares after this date will not entitle investors to partake in this dividend cycle.
Recently, Leonardo DRSDRS-- has made headlines with significant developments. Over the past week, DRS Laurel Technologies, a subsidiary of Leonardo DRS, secured a $51 million contract modification from the U.S. Navy to provide engineering support, reinforcing its position in defense contracting. Analysts have noted that the contract could bolster the company's revenue streams and enhance its operational capabilities.
As of late, Leonardo DRS's stock has experienced notable fluctuations, reaching a new 52-week high recently and trading at approximately $40.45, influenced by the positive earnings report for Q1 CY2025. The company exceeded Wall Street expectations, reporting a year-on-year revenue increase of 16.1%, reaching $799 million, and adjusted EPS that surpassed analyst estimates by 21.7%. Over the past week, CEO Lynn William III sold 45,000 shares of common stock, valued at $1,834,650, which has sparked discussions about insider confidence and the firm's future prospects.
Since the last update, Leonardo DRS's fundamentals remain robust, with a backlog of $8.61 billion and reaffirmed guidance for full-year revenue and adjusted profit. Despite potential headwinds such as volatile germanium prices and supply chain scrutiny, the company is investing in facility expansion and technology development to align with evolving defense priorities. Management remains optimistic about maintaining strong demand from U.S. defense customers.
In conclusion, Leonardo DRS presents a stable dividend outlook and promising growth opportunities, backed by solid earnings and strategic contracts. Investors should note that May 22nd, 2025 is the ex-dividend date, marking the last chance to purchase shares to receive the upcoming dividend. Buying shares after this date will not entitle investors to partake in this dividend cycle.
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