Melrose Industries PLC (LON:MRO) to Issue Dividend of GBX 4

Melrose Industries PLC (LON:MRO - Get Free Report) declared a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 27th will be given a dividend of GBX 4 ($0.05) per share on Friday, May 9th. This represents a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 100.0% increase from Melrose Industries's previous dividend of $2.00. The official announcement can be accessed at this link.

Melrose Industries Stock Performance

Shares of MRO traded down GBX 20.50 ($0.27) during trading hours on Friday, hitting GBX 496.10 ($6.42). The stock had a trading volume of 4,698,019 shares, compared to its average volume of 17,224,207. The firm has a market capitalization of £6.41 billion, a PE ratio of -167.78, a PEG ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. Melrose Industries has a 12 month low of GBX 413.58 ($5.35) and a 12 month high of GBX 682.60 ($8.84). The stock has a fifty day moving average price of GBX 584.81 and a 200 day moving average price of GBX 533.89.

Melrose Industries (LON:MRO - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share (EPS) for the quarter. Melrose Industries had a negative return on equity of 1.18% and a negative net margin of 1.13%. Analysts anticipate that Melrose Industries will post 33.9741641 EPS for the current year.

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Insider Transactions at Melrose Industries

In other news, insider Matthew Gregory acquired 36,869 shares of Melrose Industries stock in a transaction dated Monday, March 24th. The stock was purchased at an average cost of GBX 528 ($6.83) per share, with a total value of £194,668.32 ($251,965.21). Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 850 ($11.00) price target on shares of Melrose Industries in a research report on Thursday, January 23rd.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.