Avon Protection (LON:AVON) Hits New 1-Year High After Dividend Announcement

Avon Protection plc (LON:AVON) hit a new 52-week high on Wednesday after the company announced a dividend. The company traded as high as GBX 1,450 ($18.26) and last traded at GBX 1,358 ($17.10), with a volume of 47238 shares trading hands. The stock had previously closed at GBX 1,378 ($17.35).

The newly announced dividend which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.16 per share. This represents a yield of 0.97%. The ex-dividend date is Thursday, February 6th. This is an increase from Avon Protection’s previous dividend of $0.07. Avon Protection’s payout ratio is presently -3,913.04%.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “hold” rating on shares of Avon Protection in a research report on Tuesday.

Avon Protection Stock Performance

The stock has a fifty day moving average of GBX 1,245.26 and a 200-day moving average of GBX 1,269.39. The company has a quick ratio of 0.85, a current ratio of 2.47 and a debt-to-equity ratio of 61.54. The stock has a market capitalization of £418.80 million, a PE ratio of -3,034.78, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35.

Avon Protection Company Profile

Avon Protection plc provides respiratory, chemical, biological, radiological, and nuclear and head protection solutions for military and first responder agencies in the United Kingdom, Europe, and the United States. The company offers respiratory products, including respirators, filters, powered and supplied air, escape hoods, underwater systems, and thermal image camera, and CBRN protective wear, as well as spares and accessories.