Luxfer Holdings PLC (NYSE:LXFR) Announces Quarterly Dividend of $0.13

Luxfer Holdings PLC (NYSE:LXFR) declared a quarterly dividend on Tuesday, April 8th, RTT News reports. Investors of record on Friday, April 18th will be given a dividend of 0.13 per share by the industrial products company on Wednesday, May 7th. This represents a $0.52 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Thursday, April 17th.

Luxfer has increased its dividend by an average of 1.3% annually over the last three years. Luxfer has a payout ratio of 42.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Luxfer to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 53.6%.

Luxfer Trading Up 1.6 %

Luxfer stock opened at $10.29 on Tuesday. Luxfer has a 1 year low of $9.26 and a 1 year high of $15.64. The firm’s 50 day moving average price is $12.28 and its 200-day moving average price is $13.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.14. The stock has a market cap of $275.18 million, a P/E ratio of 31.18, a PEG ratio of 1.85 and a beta of 0.95.

Luxfer (NYSE:LXFR) last announced its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Luxfer had a net margin of 2.37% and a return on equity of 9.26%. The company had revenue of $103.40 million for the quarter, compared to the consensus estimate of $89.50 million. On average, equities analysts predict that Luxfer will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Luxfer from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st.

Luxfer Company Profile

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.