Luxfer Holdings PLC (NYSE:LXFR) to Issue Quarterly Dividend of $0.13

Luxfer Holdings PLC (NYSE:LXFR) announced a quarterly dividend on Friday, October 4th, Zacks reports. Investors of record on Friday, October 18th will be given a dividend of 0.13 per share by the industrial products company on Wednesday, November 6th. This represents a $0.52 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Friday, October 18th.

Luxfer has raised its dividend by an average of 1.3% per year over the last three years. Luxfer has a payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Luxfer to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 52.0%.

Luxfer Stock Performance

Shares of LXFR stock opened at $12.62 on Friday. Luxfer has a 12-month low of $7.55 and a 12-month high of $13.52. The business’s fifty day simple moving average is $11.50 and its 200-day simple moving average is $11.36. The company has a current ratio of 2.39, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The company has a market cap of $345.96 million, a PE ratio of 11.58, a PEG ratio of 2.40 and a beta of 0.91.

Luxfer (NYSE:LXFR) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $99.70 million for the quarter, compared to analyst estimates of $99.70 million. Luxfer had a positive return on equity of 6.24% and a negative net margin of 1.28%. Analysts expect that Luxfer will post 0.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Graham Wardlow sold 6,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $10.83, for a total value of $70,395.00. Following the completion of the transaction, the insider now owns 29,008 shares of the company’s stock, valued at $314,156.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.17% of the stock is owned by company insiders.

Luxfer Company Profile

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.