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

Luxfer Holdings PLC (NYSE:LXFR) announced a quarterly dividend on Tuesday, April 8th, RTT News reports. Investors of record on Friday, April 18th will be paid 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 dividend yield of 5.41%.

Luxfer has raised its dividend payment 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. Equities 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 Price Performance

NYSE LXFR traded down $0.37 on Tuesday, reaching $9.61. 162,835 shares of the stock traded hands, compared to its average volume of 134,703. Luxfer has a 12 month low of $9.26 and a 12 month high of $15.64. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29. The firm’s fifty day simple moving average is $12.83 and its 200 day simple moving average is $13.27. The company has a market cap of $256.86 million, a price-to-earnings ratio of 29.11, a P/E/G ratio of 1.85 and a beta of 0.95.

Luxfer (NYSE:LXFR) last posted its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $103.40 million during the quarter, compared to analyst estimates of $89.50 million. Luxfer had a net margin of 2.37% and a return on equity of 9.26%. As a group, research analysts predict that Luxfer will post 0.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Luxfer

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.