IMI plc (LON:IMI) Declares Dividend Increase – GBX 21.10 Per Share

IMI plc (LON:IMI) declared a dividend on Friday, February 28th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 3rd will be paid a dividend of GBX 21.10 ($0.27) per share on Friday, May 16th. This represents a dividend yield of 1.04%. The ex-dividend date is Thursday, April 3rd. This is a 111.0% increase from IMI’s previous dividend of $10.00. The official announcement can be seen at this link.

IMI Stock Down 0.2 %

IMI stock opened at GBX 1,884 ($24.34) on Tuesday. The firm’s 50-day simple moving average is GBX 1,959.67 and its 200 day simple moving average is GBX 1,855.65. IMI has a fifty-two week low of GBX 1,630 ($21.06) and a fifty-two week high of GBX 2,090 ($27.00). The stock has a market cap of £4.78 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33.

IMI (LON:IMI) last issued its quarterly earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.58) EPS for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. As a group, sell-side analysts predict that IMI will post 137.9737609 EPS for the current year.

Insider Transactions at IMI

In other IMI news, insider Roy Twite sold 49,259 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of GBX 1,962 ($25.35), for a total transaction of £966,461.58 ($1,248,658.37). Insiders purchased a total of 22 shares of company stock valued at $42,388 in the last three months. 1.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their price target on IMI from GBX 2,250 ($29.07) to GBX 2,400 ($31.01) and gave the company an “outperform” rating in a research report on Monday, March 3rd.

About IMI

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.