Luxfer Holdings PLC (LXFR) To Go Ex-Dividend on July 17th

Luxfer Holdings PLC (NYSE:LXFR) announced a quarterly dividend on Monday, July 6th. Investors of record on Friday, July 17th will be given a dividend of 0.13 per share by the industrial products company on Wednesday, August 5th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th.

Luxfer has raised its dividend by an average of 0.0%annually over the last three years. Luxfer has a dividend payout ratio of 44.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Luxfer to earn $1.35 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 38.5%.

Luxfer Stock Up 0.4%

Shares of Luxfer stock opened at $17.11 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.75 and a quick ratio of 0.81. The stock has a market cap of $462.01 million, a price-to-earnings ratio of 77.75, a PEG ratio of 2.21 and a beta of 1.12. The firm’s 50-day moving average is $17.11 and its two-hundred day moving average is $14.91. Luxfer has a 1 year low of $11.19 and a 1 year high of $19.45.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LXFR shares. Wall Street Zen lowered Luxfer from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Luxfer in a research report on Thursday, June 18th. Freedom Capital upgraded Luxfer to a “strong-buy” rating in a research note on Thursday, May 21st. Finally, Zacks Research lowered Luxfer from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Luxfer Company Profile

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.