Luxfer Holdings PLC (LXFR) to Issue None Dividend of $0.13

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.

An institutional investor recently raised its position in Luxfer stock. State Street Corp increased its position in shares of Luxfer Holdings PLC (NYSE:LXFR) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,786 shares of the industrial products company’s stock after buying an additional 222 shares during the quarter. State Street Corp owned about 0.06% of Luxfer worth $215,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 86.27% of the company’s stock.

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.

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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.

Dividend History for Luxfer (NYSE:LXFR)

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