The Weir Group PLC (LON:WEIR) Increases Dividend to GBX 20.80 Per Share

The Weir Group PLC (LON:WEIR) declared a dividend on Thursday, February 29th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 18th will be paid a dividend of GBX 20.80 ($0.26) per share on Friday, May 31st. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from The Weir Group’s previous dividend of $17.80. The official announcement can be accessed at this link.

The Weir Group Trading Up 0.5 %

Shares of LON WEIR opened at GBX 2,018 ($25.12) on Wednesday. The firm’s 50 day moving average price is GBX 1,937.18 and its 200-day moving average price is GBX 1,863.81. The company has a market cap of £5.24 billion, a PE ratio of 2,281.82, a P/E/G ratio of 2.59 and a beta of 1.42. The Weir Group has a 52-week low of GBX 1,652.50 ($20.57) and a 52-week high of GBX 2,094 ($26.07). The company has a debt-to-equity ratio of 82.21, a quick ratio of 1.16 and a current ratio of 2.04.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “buy” rating on shares of The Weir Group in a report on Thursday, February 29th.

Insiders Place Their Bets

In related news, insider Graham Vanhegan sold 1,869 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of GBX 2,036 ($25.35), for a total transaction of £38,052.84 ($47,370.65). Company insiders own 0.40% of the company’s stock.

The Weir Group Company Profile

The Weir Group PLC produces and sells highly engineered original equipment worldwide. It operates in two segments, Minerals and ESCO. The Minerals segment offers engineering, manufacturing, and service processing technology for the use in abrasive high-wear mining applications; and differentiated technology for the use in infrastructure and general industrial markets.