Luxfer Holdings PLC (NYSE:LXFR) declared a dividend on Monday, October 8th, Fidelity reports. Stockholders of record on Friday, October 19th will be given a dividend of 0.125 per share by the industrial products company on Wednesday, November 7th. The ex-dividend date of this dividend is Thursday, October 18th. This is a boost from Luxfer’s previous dividend of $0.12.
Luxfer has raised its dividend payment by an average of 8.1% annually over the last three years. Luxfer has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Luxfer to earn $1.68 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 29.8%.
LXFR stock opened at $21.63 on Friday. The company has a quick ratio of 1.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.55. The stock has a market cap of $614.15 million, a PE ratio of 22.77 and a beta of 0.91. Luxfer has a fifty-two week low of $12.06 and a fifty-two week high of $24.27.
Luxfer (NYSE:LXFR) last posted its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.09. The company had revenue of $128.20 million during the quarter. Luxfer had a return on equity of 19.79% and a net margin of 4.51%. As a group, equities research analysts anticipate that Luxfer will post 1.45 EPS for the current fiscal year.
Several research firms have recently weighed in on LXFR. Zacks Investment Research cut Luxfer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 18th. KeyCorp set a $24.00 price objective on Luxfer and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Finally, ValuEngine raised Luxfer from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 22nd.
Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas-containment devices for transportation, defense and emergency response, healthcare, and general industrial applications in Europe, North America, the Asia Pacific, and internationally.
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