Elementis plc (LON:ELM) Raises Dividend to $0.03 Per Share

Elementis plc (LON:ELM) declared a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 1st will be given a dividend of $0.03 per share on Friday, May 30th. This represents a yield of 1.53%. The ex-dividend date of this dividend is Thursday, May 1st. This is a 163.6% increase from Elementis’s previous dividend of $0.01. The official announcement can be accessed at this link.

Elementis Stock Up 0.4 %

Shares of LON ELM opened at GBX 128.90 ($1.73) on Tuesday. The company has a 50 day simple moving average of GBX 136.23 and a 200-day simple moving average of GBX 140.58. The company has a debt-to-equity ratio of 37.85, a current ratio of 2.04 and a quick ratio of 1.16. Elementis has a 1 year low of GBX 109.60 ($1.47) and a 1 year high of GBX 169.80 ($2.28). The company has a market capitalization of £951.60 million, a P/E ratio of -27.35, a P/E/G ratio of 3.05 and a beta of 2.02.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 170 ($2.28) price target on shares of Elementis in a research report on Thursday, January 2nd.

Elementis Company Profile

Elementis plc operates as a specialty chemical company in the United Kingdom, rest of Europe, North America, and internationally. It operates in two segments, Performance Specialties and Personal Care. The Performance Specialties segment engages in the production of rheological modifiers and additives for decorative and industrial coatings; and production and supply of talc for use in plastics, coatings, technical ceramics, and paper sectors.