Zotefoams (LON:ZTF) Stock Price Up 10.1% After Dividend Announcement

Zotefoams plc (LON:ZTF) rose 10.1% during trading on Wednesday following a dividend announcement from the company. The company traded as high as GBX 299 ($3.89) and last traded at GBX 292.80 ($3.81). Approximately 556,915 shares traded hands during mid-day trading, an increase of 401% from the average daily volume of 111,145 shares. The stock had previously closed at GBX 266 ($3.46).

The newly announced dividend which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 1st will be issued a dividend of GBX 5.10 ($0.07) per share. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 1.92%. This is an increase from Zotefoams’s previous dividend of $2.38. Zotefoams’s dividend payout ratio (DPR) is currently 33.89%.

Zotefoams Price Performance

The stock’s fifty day moving average price is GBX 290.58 and its 200-day moving average price is GBX 343.29. The firm has a market cap of £143.33 million, a price-to-earnings ratio of 14.43, a P/E/G ratio of 0.66 and a beta of 1.40. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 42.07.

Zotefoams (LON:ZTF) last announced its quarterly earnings results on Tuesday, March 18th. The company reported GBX 25.95 ($0.34) earnings per share (EPS) for the quarter. Zotefoams had a net margin of 7.45% and a return on equity of 8.42%.

Insider Buying and Selling

In related news, insider Ronan Cox acquired 3,204 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of GBX 310 ($4.03) per share, with a total value of £9,932.40 ($12,921.04). 18.96% of the stock is currently owned by corporate insiders.

Zotefoams Company Profile

Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polyolefin block foams in the United Kingdom, rest of Europe, North America, and internationally. The company operates through Polyolefin Foams, High-Performance Products, and MuCell Extrusion LLC segments. It offers AZOTE, a polyolefin foam under the Plastazote, Evazote, and Supazote, AZOTE Adapt brands; and various high-performance foams manufactured from fluoropolymers, engineering polymers, and specialty elastomers under the ZOTEK brand; and Ecozote foam for plastic products that offers circularity and reduce reliance on fossil fuel-derived raw materials.