Luxfer Holdings PLC (NYSE:LXFR – Get Free Report) 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.
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.
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