Luxfer Holdings PLC (NYSE:LXFR) declared a None dividend on Friday, January 5th, NASDAQ reports. Stockholders of record on Friday, January 19th will be paid a dividend of 0.125 per share by the industrial products company on Wednesday, February 7th. The ex-dividend date of this dividend is Thursday, January 18th. This is a positive change from Luxfer’s previous None dividend of $0.12.
Luxfer has raised its dividend by an average of 8.1% per year over the last three years. Luxfer has a dividend payout ratio of 47.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Luxfer to earn $1.20 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 41.7%.
Luxfer (LXFR) opened at $15.04 on Friday. The firm has a market capitalization of $401.51, a P/E ratio of 23.50 and a beta of 0.90. Luxfer has a twelve month low of $10.85 and a twelve month high of $16.21. The company has a current ratio of 2.34, a quick ratio of 1.22 and a debt-to-equity ratio of 0.61.
Several brokerages have recently weighed in on LXFR. Zacks Investment Research cut Luxfer from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. BidaskClub upgraded Luxfer from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Finally, ValuEngine upgraded Luxfer from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th.
Luxfer Company Profile
Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.
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