Morgan Advanced Materials plc (LON:MGAM) Increases Dividend to GBX 6.70 Per Share

Morgan Advanced Materials plc (LON:MGAM) declared a dividend on Tuesday, March 12th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 25th will be paid a dividend of GBX 6.70 ($0.08) per share on Friday, May 17th. This represents a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Morgan Advanced Materials’s previous dividend of $5.30. The official announcement can be seen at this link.

Morgan Advanced Materials Trading Up 2.0 %

Shares of Morgan Advanced Materials stock opened at GBX 304.50 ($3.76) on Wednesday. The firm has a market cap of £868.95 million, a price-to-earnings ratio of 1,865.63, a PEG ratio of 0.65 and a beta of 1.43. The business has a 50-day moving average price of GBX 278.06 and a 200-day moving average price of GBX 265.53. The company has a quick ratio of 1.26, a current ratio of 2.06 and a debt-to-equity ratio of 89.51. Morgan Advanced Materials has a twelve month low of GBX 215.50 ($2.66) and a twelve month high of GBX 313.50 ($3.87).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered Morgan Advanced Materials to a “hold” rating and set a GBX 315 ($3.89) price objective for the company. in a research report on Wednesday, January 31st.

Insider Buying and Selling

In related news, insider Pete Raby sold 4,156 shares of Morgan Advanced Materials stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of GBX 285 ($3.52), for a total value of £11,844.60 ($14,630.19). In other Morgan Advanced Materials news, insider Clement Woon bought 15,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was acquired at an average price of GBX 266 ($3.29) per share, for a total transaction of £39,900 ($49,283.60). Also, insider Pete Raby sold 4,156 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of GBX 285 ($3.52), for a total value of £11,844.60 ($14,630.19). 1.40% of the stock is currently owned by company insiders.

Morgan Advanced Materials Company Profile

Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013.