Ferrexpo Plc (LON:FXPO) Announces $0.07 Dividend

Ferrexpo Plc (LON:FXPO) announced a dividend on Friday, August 2nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 15th will be given a dividend of $0.07 per share by the iron ore producer on Tuesday, September 3rd. This represents a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, August 15th. The official announcement can be accessed at this link.

Ferrexpo stock opened at GBX 230.30 ($3.01) on Wednesday. The company has a market cap of $1.36 billion and a price-to-earnings ratio of 3.00. The business has a fifty day simple moving average of GBX 257.49. Ferrexpo has a 12 month low of GBX 138 ($1.80) and a 12 month high of GBX 305.60 ($3.99). The company has a current ratio of 2.08, a quick ratio of 1.12 and a debt-to-equity ratio of 34.27.

A number of analysts have commented on the company. Deutsche Bank reissued a “hold” rating on shares of Ferrexpo in a report on Monday, August 5th. Barclays lowered Ferrexpo to an “equal weight” rating and reduced their target price for the stock from GBX 350 ($4.57) to GBX 245 ($3.20) in a report on Tuesday, August 6th. Credit Suisse Group lifted their target price on Ferrexpo from GBX 260 ($3.40) to GBX 325 ($4.25) and gave the stock an “outperform” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. reduced their target price on Ferrexpo from GBX 290 ($3.79) to GBX 270 ($3.53) and set a “neutral” rating for the company in a report on Monday. Finally, Liberum Capital reissued a “buy” rating on shares of Ferrexpo in a report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 297.86 ($3.89).

About Ferrexpo

Ferrexpo Plc mines for, develops, processes, produces, markets, exports, and sells iron ore pellets to the metallurgical industry worldwide. The company operates two mines and a processing plant near Kremenchug in Ukraine; a port in Odessa; a fleet of vessels operating on the Rhine and Danube waterways; and an ocean going vessel on international sea routes.

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Dividend History for Ferrexpo (LON:FXPO)

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