Luxfer Holdings PLC (NYSE:LXFR - Get Free Report) announced a quarterly dividend on Wednesday, January 15th,RTT News reports. Investors of record on Friday, January 17th will be paid a dividend of 0.13 per share by the industrial products company on Wednesday, February 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.93%.
Luxfer has increased its dividend payment by an average of 1.3% annually over the last three years. Luxfer has a dividend payout ratio of 39.7% meaning its dividend is sufficiently covered by earnings. Research 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 3.4 %
Shares of Luxfer stock traded up $0.43 on Wednesday, reaching $13.23. The company had a trading volume of 139,392 shares, compared to its average volume of 94,755. 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's 50 day moving average price is $13.81 and its two-hundred day moving average price is $12.66. Luxfer has a 52-week low of $7.55 and a 52-week high of $15.64. The firm has a market cap of $354.37 million, a PE ratio of 40.09, a PEG ratio of 2.29 and a beta of 0.88.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Luxfer from a "buy" rating to a "strong-buy" rating in a research note on Tuesday.
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About Luxfer
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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.
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