Luxfer Holdings PLC (LXFR) to Issue Dividend of $0.13 on August 7th

Luxfer Holdings PLC (NYSE:LXFR) announced a dividend on Tuesday, July 2nd, Fidelity reports. Shareholders of record on Friday, July 19th will be paid a dividend of 0.125 per share by the industrial products company on Wednesday, August 7th. The ex-dividend date is Thursday, July 18th.

Luxfer has increased its dividend by an average of 9.6% annually over the last three years and has raised its dividend every year for the last 2 years. Luxfer has a payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Luxfer to earn $2.05 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 24.4%.

Shares of NYSE LXFR opened at $22.58 on Tuesday. The company’s 50 day moving average price is $23.70. Luxfer has a 52-week low of $16.39 and a 52-week high of $28.06. The firm has a market capitalization of $619.93 million, a PE ratio of 13.36 and a beta of 1.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.92 and a quick ratio of 0.96.

Luxfer (NYSE:LXFR) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.08). The company had revenue of $120.40 million for the quarter, compared to analyst estimates of $115.00 million. Luxfer had a return on equity of 24.27% and a net margin of 2.11%. As a group, research analysts anticipate that Luxfer will post 1.72 EPS for the current fiscal year.

In other Luxfer news, insider Andrew Butcher sold 4,963 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $25.08, for a total transaction of $124,472.04. Following the completion of the transaction, the insider now directly owns 89,134 shares of the company’s stock, valued at approximately $2,235,480.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David Landless sold 1,250 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $23.46, for a total value of $29,325.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,863 shares of company stock valued at $323,643. 1.46% of the stock is currently owned by corporate insiders.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Home Bancshares from a “hold” rating to a “sell” rating in a report on Friday, June 7th. ValuEngine raised Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday.

Luxfer Company Profile

Luxfer Holdings Plc is a technology company, which designs, manufactures, and supplies materials, components, and high-pressure gas-containment devices for healthcare, environmental, protection, and specialty end-markets. It operates through the Gas Cylinder and Elektron segments. The Gas Cylinders segment manufactures and markets high-pressure aluminum and composite cylinders, systems, and accessories under the Luxfer Gas Cylinders and Superform brands.

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Dividend History for Luxfer (NYSE:LXFR)

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