Luxfer Holdings PLC (LXFR) Declares Dividend Increase – $0.13 Per Share
Luxfer Holdings PLC (NYSE:LXFR) announced a None dividend on Friday, January 5th, NASDAQ reports. Investors of record on Friday, January 19th will be paid a dividend of 0.125 per share by the industrial products company on Wednesday, February 7th. The ex-dividend date of this dividend is Thursday, January 18th. This is a positive change from Luxfer’s previous None dividend of $0.12.
Luxfer has raised its dividend by an average of 8.1% per year over the last three years. Luxfer has a dividend payout ratio of 47.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Luxfer to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 41.7%.
Shares of Luxfer (LXFR) traded down $0.16 during trading on Friday, reaching $15.04. The company had a trading volume of 34,831 shares, compared to its average volume of 38,222. Luxfer has a 1-year low of $10.85 and a 1-year high of $16.21. The company has a market capitalization of $401.51, a P/E ratio of 23.50 and a beta of 0.90. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.34 and a quick ratio of 1.22.
A number of research analysts have issued reports on the company. BidaskClub downgraded Luxfer from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. ValuEngine upgraded Luxfer from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research upgraded Luxfer from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Saturday, November 11th.
COPYRIGHT VIOLATION WARNING: This piece was reported by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.watchlistnews.com/luxfer-holdings-plc-lxfr-declares-dividend-increase-0-13-per-share/1805783.html.
Luxfer Company Profile
Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.
Receive News & Ratings for Luxfer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxfer and related companies with MarketBeat.com's FREE daily email newsletter.