Devro plc (LON:DVO) announced a dividend on Wednesday, July 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 20th will be given a dividend of GBX 6.30 ($0.08) per share on Friday, October 2nd. This represents a yield of 3.93%. The ex-dividend date is Thursday, August 20th. The official announcement can be seen at this link.
Devro stock opened at GBX 160.20 ($1.97) on Thursday. Devro has a 1 year low of GBX 124.80 ($1.54) and a 1 year high of GBX 213.50 ($2.63). The firm’s 50 day moving average price is GBX 155.46 and its 200-day moving average price is GBX 156.59. The stock has a market cap of $267.45 million and a P/E ratio of -5.77. The company has a debt-to-equity ratio of 199.33, a current ratio of 2.42 and a quick ratio of 1.29.
A number of brokerages recently commented on DVO. Shore Capital reiterated a “buy” rating on shares of Devro in a research report on Wednesday. Peel Hunt reiterated a “hold” rating on shares of Devro in a research report on Wednesday.
Devro plc, together with its subsidiaries, manufactures and supplies collagen casings in the Americas, Europe, and the Asia-Pacific. It offers edible and non-edible collagen casings, tubular films, and plastic casings for use in the production of a range of sausages and other meat products. The company sells its products to food manufacturers through agents and distributors.
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