IMI plc (LON:IMI) Declares Dividend of GBX 19.20

IMI plc (LON:IMIGet Free Report) announced a dividend on Friday, March 1st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 4th will be given a dividend of GBX 19.20 ($0.24) per share on Friday, May 17th. This represents a yield of 1.11%. The ex-dividend date is Thursday, April 4th. This is an increase from IMI’s previous dividend of $9.10. The official announcement can be viewed at this link.

IMI Trading Down 1.3 %

IMI opened at GBX 1,802 ($22.62) on Wednesday. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 72.33. The stock has a market capitalization of £4.71 billion, a PE ratio of 1,948.39, a PEG ratio of 1.12 and a beta of 1.13. IMI has a 1-year low of GBX 1,413 ($17.74) and a 1-year high of GBX 1,838 ($23.07). The firm has a 50-day moving average price of GBX 1,748.21 and a two-hundred day moving average price of GBX 1,629.64.

Insider Activity at IMI

In related news, insider Roy Twite sold 57,067 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of GBX 1,819 ($22.83), for a total transaction of £1,038,048.73 ($1,303,099.08). Corporate insiders own 1.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on IMI shares. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,850 ($23.22) price objective on shares of IMI in a research report on Thursday, December 14th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,950 ($24.48) price target on shares of IMI in a research report on Monday, March 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a GBX 2,150 ($26.99) price target on shares of IMI in a research report on Thursday, February 29th.

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About IMI

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IMI plc, a specialist engineering company, designs and manufactures engineering products in the United Kingdom, Germany, rest of Europe, the United States of America, rest of the Americas, China, rest of Asia Pacific, the Middle East, and Africa. It operates through IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering segments.

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Dividend History for IMI (LON:IMI)

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