Zotefoams (LON:ZTF) Shares Up 10.1% Following Dividend Announcement

Shares of Zotefoams plc (LON:ZTF) rose 10.1% on Wednesday following a dividend announcement from the company. The stock traded as high as GBX 299 ($3.89) and last traded at GBX 292.80 ($3.81). Approximately 556,915 shares changed hands during trading, an increase of 401% from the average daily volume of 111,145 shares. The stock had previously closed at GBX 266 ($3.46).

The newly announced dividend which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 1st will be issued a dividend of GBX 5.10 ($0.07) per share. This represents a dividend yield of 1.92%. This is a positive change from Zotefoams’s previous dividend of $2.38. The ex-dividend date is Thursday, May 1st. Zotefoams’s dividend payout ratio (DPR) is 33.89%.

Zotefoams Stock Up 12.0 %

The firm has a market cap of £143.33 million, a price-to-earnings ratio of 14.43, a P/E/G ratio of 0.66 and a beta of 1.40. The firm’s fifty day moving average is GBX 290.38 and its two-hundred day moving average is GBX 343.61. The company has a debt-to-equity ratio of 42.07, a current ratio of 1.30 and a quick ratio of 0.67.

Zotefoams (LON:ZTF) last announced its quarterly earnings data on Tuesday, March 18th. The company reported GBX 25.95 ($0.34) earnings per share for the quarter. Zotefoams had a return on equity of 8.42% and a net margin of 7.45%.

Insider Transactions at Zotefoams

In related news, insider Ronan Cox bought 3,204 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of GBX 310 ($4.03) per share, for a total transaction of £9,932.40 ($12,912.64). Corporate insiders own 18.96% of the company’s stock.

Zotefoams Company Profile

Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polyolefin block foams in the United Kingdom, rest of Europe, North America, and internationally. The company operates through Polyolefin Foams, High-Performance Products, and MuCell Extrusion LLC segments. It offers AZOTE, a polyolefin foam under the Plastazote, Evazote, and Supazote, AZOTE Adapt brands; and various high-performance foams manufactured from fluoropolymers, engineering polymers, and specialty elastomers under the ZOTEK brand; and Ecozote foam for plastic products that offers circularity and reduce reliance on fossil fuel-derived raw materials.