Luxfer Holdings PLC (NYSE:LXFR) to Issue Quarterly Dividend of $0.13

Luxfer Holdings PLC (NYSE:LXFRGet Free Report) announced a quarterly dividend on Tuesday, July 9th, Wall Street Journal reports. Investors of record on Friday, July 19th will be paid a dividend of 0.13 per share by the industrial products company on Wednesday, August 7th. This represents a $0.52 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Friday, July 19th.

Luxfer has increased its dividend payment by an average of 1.3% annually over the last three years. Luxfer has a payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Luxfer to earn $1.02 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 51.0%.

Luxfer Trading Up 0.3 %

LXFR traded up $0.03 during trading on Tuesday, reaching $11.58. The company had a trading volume of 73,793 shares, compared to its average volume of 170,565. The company has a quick ratio of 1.33, a current ratio of 2.56 and a debt-to-equity ratio of 0.37. The business has a 50 day simple moving average of $11.64 and a 200-day simple moving average of $10.06. Luxfer has a 52 week low of $7.55 and a 52 week high of $14.24. The stock has a market cap of $317.41 million, a P/E ratio of 21.83, a PEG ratio of 2.11 and a beta of 0.94.

Luxfer (NYSE:LXFRGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.06 by $0.12. The firm had revenue of $89.40 million for the quarter, compared to analyst estimates of $82.90 million. Luxfer had a return on equity of 6.59% and a net margin of 0.08%. On average, equities analysts anticipate that Luxfer will post 0.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, raised Luxfer from a “hold” rating to a “buy” rating in a report on Monday, May 13th.

Check Out Our Latest Report on Luxfer

About Luxfer

(Get Free Report)

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.

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Dividend History for Luxfer (NYSE:LXFR)

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