Luxfer Holdings PLC (NYSE:LXFR) to Issue $0.13 Quarterly Dividend

Luxfer Holdings PLC (NYSE:LXFR) declared a quarterly dividend on Friday, October 4th, Zacks reports. Investors of record on Friday, October 18th will be paid a dividend of 0.13 per share by the industrial products company on Wednesday, November 6th. This represents a $0.52 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Friday, October 18th.

Luxfer has increased its dividend by an average of 1.3% annually over the last three years. Luxfer has a dividend payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Luxfer to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 52.0%.

Luxfer Stock Up 1.8 %

Shares of LXFR stock opened at $13.16 on Thursday. The company has a current ratio of 2.39, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $11.66 and a 200 day moving average of $11.50. Luxfer has a twelve month low of $7.55 and a twelve month high of $13.52. The stock has a market cap of $360.77 million, a P/E ratio of -69.26, a P/E/G ratio of 2.48 and a beta of 0.91.

Luxfer (NYSE:LXFR) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Luxfer had a negative net margin of 1.28% and a positive return on equity of 6.24%. The business had revenue of $99.70 million during the quarter, compared to the consensus estimate of $99.70 million. As a group, sell-side analysts expect that Luxfer will post 0.75 EPS for the current year.

Insiders Place Their Bets

In other news, insider Graham Wardlow sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $10.83, for a total value of $70,395.00. Following the completion of the sale, the insider now directly owns 29,008 shares in the company, valued at $314,156.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.17% of the stock is currently owned by company insiders.

Luxfer Company Profile

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.