Porvair plc (LON:PRV) to Issue Dividend Increase – GBX 4.20 Per Share

Porvair plc (LON:PRV) declared a dividend on Monday, February 10th, DividendData.Co.Uk reports. Investors of record on Thursday, May 1st will be paid a dividend of GBX 4.20 ($0.06) per share on Wednesday, June 4th. This represents a yield of 0.64%. The ex-dividend date is Thursday, May 1st. This is a 100.0% increase from Porvair’s previous dividend of $2.10. The official announcement can be viewed at this link.

Porvair Stock Performance

PRV opened at GBX 726 ($9.75) on Tuesday. The firm has a market capitalization of £332.18 million, a PE ratio of 21.52 and a beta of 0.76. The business’s 50-day simple moving average is GBX 692.38 and its 200 day simple moving average is GBX 683.16. Porvair has a 52-week low of GBX 599 ($8.05) and a 52-week high of GBX 768 ($10.32). The company has a debt-to-equity ratio of 19.67, a quick ratio of 1.22 and a current ratio of 1.83.

Porvair (LON:PRV) last announced its earnings results on Monday, February 10th. The company reported GBX 38.60 ($0.52) earnings per share for the quarter. Porvair had a return on equity of 10.75% and a net margin of 8.57%. As a group, sell-side analysts expect that Porvair will post 39.0358613 earnings per share for the current fiscal year.

Insider Buying and Selling at Porvair

In other news, insider Ben Stocks sold 70,000 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of GBX 716 ($9.62), for a total value of £501,200 ($673,384.39). Company insiders own 21.55% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “hold” rating on shares of Porvair in a research report on Tuesday, April 15th.

Porvair Company Profile

Porvair plc engages in the filtration, laboratory, and environmental technology business. It operates through three segments: Aerospace & Industrial, Laboratory, and Metal Melt Quality. The Aerospace & Industrial segment designs and manufactures a range of specialist filtration equipment for aerospace, energy, and industrial applications.