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

Luxfer Holdings PLC (NYSE:LXFR) announced a quarterly dividend on Monday, October 6th. Investors of record on Friday, October 17th will be given a dividend of 0.13 per share by the industrial products company on Wednesday, November 5th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, October 17th.

Luxfer has a payout ratio of 44.1% indicating that 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

Luxfer stock opened at $13.78 on Tuesday. The stock has a market cap of $368.83 million, a price-to-earnings ratio of 15.31, a PEG ratio of 1.85 and a beta of 1.10. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 0.10. The business has a 50-day simple moving average of $13.16 and a 200 day simple moving average of $12.03. Luxfer has a 52 week low of $9.41 and a 52 week high of $15.64.

Analyst Ratings Changes

A number of research firms have commented on LXFR. Wall Street Zen cut shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Luxfer in a report on Saturday, September 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.