Rotork plc (LON:ROR) Announces Dividend Increase – GBX 4.65 Per Share

Rotork plc (LON:ROR) announced a dividend on Tuesday, March 5th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 18th will be paid a dividend of GBX 4.65 ($0.06) per share on Friday, May 24th. This represents a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Rotork’s previous dividend of $2.55. The official announcement can be seen at this link.

Rotork Stock Performance

LON ROR opened at GBX 323.92 ($4.03) on Wednesday. The stock’s fifty day moving average is GBX 322.52 and its two-hundred day moving average is GBX 314.88. The firm has a market capitalization of £2.79 billion, a P/E ratio of 2,490.77, a price-to-earnings-growth ratio of 2.48 and a beta of 1.00. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.16 and a current ratio of 3.09. Rotork has a fifty-two week low of GBX 277.20 ($3.45) and a fifty-two week high of GBX 344.80 ($4.29).

Analysts Set New Price Targets

A number of research firms have weighed in on ROR. Shore Capital reissued a “hold” rating on shares of Rotork in a research note on Tuesday, March 5th. Berenberg Bank reiterated a “buy” rating and issued a GBX 370 ($4.61) price objective on shares of Rotork in a report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 300 ($3.73) price objective on shares of Rotork in a report on Wednesday, April 10th.

About Rotork

Rotork plc designs, manufactures, and markets industrial flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets worldwide. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.