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

Luxfer Holdings PLC (NYSE:LXFR - Get Free Report) declared a quarterly dividend on Tuesday, April 8th, RTT News reports. Stockholders of record on Friday, April 18th will be paid a dividend of 0.13 per share by the industrial products company on Wednesday, May 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Thursday, April 17th.

Luxfer has raised its dividend by an average of 1.3% annually over the last three years. Luxfer has a dividend payout ratio of 42.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Luxfer to earn $0.97 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 53.6%.

Luxfer Trading Up 0.7 %

LXFR traded up $0.07 on Friday, hitting $10.12. 76,638 shares of the company were exchanged, compared to its average volume of 134,215. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.17. The firm has a fifty day simple moving average of $12.35 and a two-hundred day simple moving average of $13.16. The stock has a market capitalization of $270.52 million, a PE ratio of 30.65, a price-to-earnings-growth ratio of 1.85 and a beta of 0.95. Luxfer has a 12 month low of $9.26 and a 12 month high of $15.64.

Luxfer (NYSE:LXFR - Get Free Report) last issued its earnings results on Tuesday, February 25th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. Luxfer had a net margin of 2.37% and a return on equity of 9.26%. The firm had revenue of $103.40 million for the quarter, compared to analysts' expectations of $89.50 million. Sell-side analysts expect that Luxfer will post 0.85 earnings per share for the current year.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Luxfer from a "buy" rating to a "strong-buy" rating in a report on Friday, February 21st.

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.