Luxfer Holdings PLC (LXFR) to Issue Quarterly Dividend of $0.13 on November 6th

Luxfer Holdings PLC (NYSE:LXFR) declared a quarterly dividend on Friday, October 4th, Zacks reports. Shareholders of record on Friday, October 18th will be paid a dividend of 0.13 per share by the industrial products company on Wednesday, November 6th. This represents a $0.52 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Friday, October 18th.

Luxfer has increased its dividend payment by an average of 1.3% per year over the last three years. Luxfer has a payout ratio of 47.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Luxfer to earn $1.00 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 52.0%.

Luxfer Trading Down 0.4 %

NYSE:LXFR opened at $12.62 on Friday. Luxfer has a 12 month low of $7.55 and a 12 month high of $13.52. The company has a current ratio of 2.39, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $11.50 and a 200-day moving average price of $11.37. The stock has a market cap of $345.96 million, a price-to-earnings ratio of 11.58, a P/E/G ratio of 2.40 and a beta of 0.91.

Luxfer (NYSE:LXFR) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Luxfer had a positive return on equity of 6.24% and a negative net margin of 1.28%. The business had revenue of $99.70 million for the quarter, compared to analysts’ expectations of $99.70 million. Equities analysts predict that Luxfer will post 0.75 EPS for the current year.

Insider Buying and Selling

In other Luxfer news, insider Graham Wardlow sold 6,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $10.83, for a total transaction of $70,395.00. Following the completion of the transaction, the insider now owns 29,008 shares of the company’s stock, valued at approximately $314,156.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.17% of the stock is owned by insiders.

About Luxfer

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.