Melrose Industries PLC (LON:MRO) Declares Dividend Increase – GBX 4 Per Share

Melrose Industries PLC (LON:MRO) declared a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be paid a dividend of GBX 4 ($0.05) per share on Friday, May 9th. This represents a yield of 0.75%. The ex-dividend date is Thursday, March 27th. This is a 100.0% increase from Melrose Industries’s previous dividend of $2.00. The official announcement can be seen at this link.

Melrose Industries Trading Up 1.3 %

LON MRO traded up GBX 6.60 ($0.09) during trading on Tuesday, hitting GBX 527.60 ($6.82). The stock had a trading volume of 4,204,930 shares, compared to its average volume of 17,960,879. Melrose Industries has a one year low of GBX 413.58 ($5.34) and a one year high of GBX 682.60 ($8.82). The stock has a 50 day simple moving average of GBX 588.49 and a 200 day simple moving average of GBX 533.31. The stock has a market capitalization of £6.82 billion, a price-to-earnings ratio of -178.44, a P/E/G ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86.

Melrose Industries (LON:MRO) last issued its quarterly earnings results on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share (EPS) for the quarter. Melrose Industries had a negative return on equity of 1.18% and a negative net margin of 1.13%. Sell-side analysts predict that Melrose Industries will post 33.9741641 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 850 ($10.98) price target on shares of Melrose Industries in a report on Thursday, January 23rd.

Insider Activity

In other Melrose Industries news, insider Matthew Gregory acquired 36,869 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was purchased at an average price of GBX 528 ($6.82) per share, for a total transaction of £194,668.32 ($251,541.96). Company insiders own 1.00% of the company’s stock.

About Melrose Industries

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.