Melrose Industries PLC (LON:MRO) Increases Dividend to GBX 4 Per Share

Melrose Industries PLC (LON:MRO) declared a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 27th will be paid a dividend of GBX 4 ($0.05) per share on Friday, May 9th. This represents a yield of 0.75%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 100.0% increase from Melrose Industries’s previous dividend of $2.00. The official announcement can be viewed at this link.

Melrose Industries Stock Up 1.3 %

Shares of LON MRO opened at GBX 527.60 ($6.82) on Tuesday. Melrose Industries has a 12-month low of GBX 413.58 ($5.34) and a 12-month high of GBX 682.60 ($8.82). The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The firm’s 50-day simple moving average is GBX 588.49 and its 200 day simple moving average is GBX 533.31. The company has a market cap of £6.82 billion, a price-to-earnings ratio of -178.44, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.

Melrose Industries (LON:MRO) last released its earnings results on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share for the quarter. Melrose Industries had a negative return on equity of 1.18% and a negative net margin of 1.13%. On average, research analysts expect that Melrose Industries will post 33.9741641 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 850 ($10.98) price objective on shares of Melrose Industries in a research note on Thursday, January 23rd.

Insider Buying and Selling

In other news, insider Matthew Gregory purchased 36,869 shares of the company’s stock in a transaction on Monday, March 24th. The shares were purchased at an average cost of GBX 528 ($6.82) per share, with a total value of £194,668.32 ($251,541.96). 1.00% of the stock is currently owned by corporate insiders.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.