Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Raises Dividend to $0.76 Per Share

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY - Get Free Report) declared a dividend on Tuesday, March 25th, NASDAQ Dividends reports. Shareholders of record on Friday, April 25th will be paid a dividend of 0.7609 per share on Monday, June 9th. The ex-dividend date of this dividend is Friday, April 25th. This is a 183.8% increase from Spirax-Sarco Engineering's previous dividend of $0.27.

Spirax-Sarco Engineering Trading Down 2.2 %

Shares of OTCMKTS:SPXSY traded down $0.95 during trading on Friday, reaching $41.71. 9,662 shares of the company's stock traded hands, compared to its average volume of 19,104. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.25 and a quick ratio of 1.61. Spirax-Sarco Engineering has a fifty-two week low of $39.28 and a fifty-two week high of $61.67. The company has a 50-day simple moving average of $46.89 and a 200-day simple moving average of $45.68.

Wall Street Analyst Weigh In

SPXSY has been the topic of several research analyst reports. Hsbc Global Res raised Spirax-Sarco Engineering from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 13th. Barclays upgraded Spirax-Sarco Engineering from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 4th.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.