Somero Enterprises, Inc. (LON:SOM) to Issue Dividend of $0.06

Somero Enterprises, Inc. (LON:SOM) declared a dividend on Wednesday, September 4th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 26th will be paid a dividend of $0.06 per share on Thursday, October 17th. This represents a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 26th. The official announcement can be viewed at this link.

Shares of LON SOM traded down GBX 3 ($0.04) during midday trading on Wednesday, reaching GBX 189 ($2.47). The stock had a trading volume of 67,337 shares, compared to its average volume of 88,174. The firm has a market cap of $108.17 million and a price-to-earnings ratio of 5.73. Somero Enterprises has a twelve month low of GBX 190.19 ($2.49) and a twelve month high of GBX 430 ($5.62). The company has a debt-to-equity ratio of 3.51, a quick ratio of 2.25 and a current ratio of 3.44. The company’s 50 day moving average price is GBX 254.61 and its 200 day moving average price is GBX 313.99.

Separately, FinnCap dropped their price target on shares of Somero Enterprises from GBX 420 ($5.49) to GBX 380 ($4.97) and set a “corporate” rating on the stock in a research report on Wednesday, September 4th.

Somero Enterprises Company Profile

Somero Enterprises, Inc, together with its subsidiaries, designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment. It also offers related parts and accessories, as well as provides training services. The company's proprietary products include the CopperHead, Mini Screed C, S-840 Laser Screed, S-15R Laser Screed, S-22E Laser Screed, S-22EZ Advanced Laser Screed, S-485 Laser Screed, S-940 Laser Screed, S-10A Laser Screed, and the S-158 Laser Screed machines; and STS-11M Spreader, as well as the 3-D Profiler System software, the Somero Floor Levelness System, and the SP-16 Concrete Hose Line-Pulling and Placing System.

Further Reading: Gap Up Stocks

Dividend History for Somero Enterprises (LON:SOM)

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