IMI plc (IMI) to Issue Dividend of GBX 21.10 on May 16th

IMI plc (LON:IMI) declared a dividend on Friday, February 28th, DividendData.Co.Uk reports. Investors of record on Thursday, April 3rd will be paid a dividend of GBX 21.10 ($0.27) per share on Friday, May 16th. This represents a yield of 1.04%. The ex-dividend date is Thursday, April 3rd. This is a 111.0% increase from IMI’s previous dividend of $10.00. The official announcement can be viewed at this link.

IMI Stock Performance

Shares of LON:IMI opened at GBX 1,884 ($24.34) on Tuesday. The firm has a market capitalization of £4.78 billion, a PE ratio of 19.31, a P/E/G ratio of 1.12 and a beta of 1.08. IMI has a 12 month low of GBX 1,630 ($21.06) and a 12 month high of GBX 2,090 ($27.00). The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. The business has a 50-day moving average of GBX 1,959.67 and a two-hundred day moving average of GBX 1,855.65.

IMI (LON:IMI) last posted its earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.58) earnings per share (EPS) for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. As a group, research analysts forecast that IMI will post 137.9737609 earnings per share for the current year.

Insider Activity

In related news, insider Roy Twite sold 49,259 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of GBX 1,962 ($25.35), for a total transaction of £966,461.58 ($1,248,658.37). In the last ninety days, insiders bought 22 shares of company stock worth $42,388. 1.52% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their price target on IMI from GBX 2,250 ($29.07) to GBX 2,400 ($31.01) and gave the company an “outperform” rating in a report on Monday, March 3rd.

IMI Company Profile

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.