Melrose Industries PLC (LON:MRO) Announces Dividend Increase – GBX 4 Per Share

Melrose Industries PLC (LON:MRO) declared a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be given a dividend of GBX 4 ($0.05) per share on Friday, May 9th. This represents a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 100.0% increase from Melrose Industries’s previous dividend of $2.00. The official announcement can be viewed at this link.

Melrose Industries Trading Up 1.3 %

MRO stock opened at GBX 527.60 ($6.82) on Tuesday. Melrose Industries has a one year low of GBX 413.58 ($5.34) and a one year high of GBX 682.60 ($8.82). The stock has a market cap of £6.82 billion, a price-to-earnings ratio of -178.44, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The company has a fifty day moving average price of GBX 588.49 and a two-hundred day moving average price of GBX 533.31. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45.

Melrose Industries (LON:MRO) last announced its quarterly earnings results on Thursday, March 6th. The company reported GBX 26.80 ($0.35) EPS for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. Equities analysts anticipate that Melrose Industries will post 33.9741641 EPS for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 850 ($10.98) target price on shares of Melrose Industries in a report on Thursday, January 23rd.

Insider Transactions at Melrose Industries

In other Melrose Industries news, insider Matthew Gregory acquired 36,869 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were bought at an average cost of GBX 528 ($6.82) per share, with a total value of £194,668.32 ($251,541.96). 1.00% of the stock is owned by company insiders.

About Melrose Industries

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.