Oxford Instruments plc (LON:OXIG) Increases Dividend to GBX 12.90 Per Share

Oxford Instruments plc (LON:OXIG) declared a dividend on Tuesday, June 8th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 9th will be given a dividend of GBX 12.90 ($0.17) per share on Friday, October 15th. This represents a yield of 0.6%. The ex-dividend date of this dividend is Thursday, September 9th. This is a positive change from Oxford Instruments’s previous dividend of $4.10. The official announcement can be accessed at this link.

LON:OXIG opened at GBX 2,076.82 ($27.13) on Wednesday. The stock has a 50 day moving average price of GBX 2,087.32. Oxford Instruments has a 52 week low of GBX 1,211.60 ($15.83) and a 52 week high of GBX 2,355 ($30.77). The firm has a market capitalization of £1.19 billion and a P/E ratio of 33.99. The company has a quick ratio of 1.08, a current ratio of 1.45 and a debt-to-equity ratio of 14.70.

Several brokerages have commented on OXIG. JPMorgan Chase & Co. increased their price target on Oxford Instruments from GBX 1,900 ($24.82) to GBX 2,100 ($27.44) and gave the company an “overweight” rating in a report on Monday, March 29th. Shore Capital reiterated a “buy” rating on shares of Oxford Instruments in a report on Tuesday. Finally, Berenberg Bank increased their price target on Oxford Instruments from GBX 2,300 ($30.05) to GBX 2,465 ($32.21) and gave the company a “buy” rating in a report on Thursday, April 15th. Six research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of GBX 1,753 ($22.90).

About Oxford Instruments

Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United Kingdom, China, Japan, the United States, Germany, rest of Europe, rest of Asia, and internationally. It operates through Materials and Characterisation, Research and Discovery, and Service and Healthcare segments.

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Dividend History for Oxford Instruments (LON:OXIG)

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