RHI Magnesita (LON:RHIM) Increases Dividend to €1.20 Per Share

RHI Magnesita (LON:RHIM) announced a dividend on Thursday, February 27th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 22nd will be given a dividend of €1.20 ($1.35) per share on Thursday, June 12th. This represents a yield of 3%. The ex-dividend date of this dividend is Thursday, May 22nd. This is a 100.0% increase from RHI Magnesita’s previous dividend of $0.60. The official announcement can be accessed at this link.

RHI Magnesita Trading Down 0.8%

RHI Magnesita stock opened at GBX 3,095 ($41.34) on Tuesday. The company has a current ratio of 1.91, a quick ratio of 0.93 and a debt-to-equity ratio of 152.96. The business’s fifty day simple moving average is GBX 3,095.88 and its two-hundred day simple moving average is GBX 3,257.03. RHI Magnesita has a 12 month low of GBX 2,425 ($32.39) and a 12 month high of GBX 3,885 ($51.89). The company has a market capitalization of £1.76 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53.

Insider Activity

In other news, insider Stefan Borgas sold 9,464 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of GBX 3,235 ($43.21), for a total transaction of £306,160.40 ($408,922.67). Insiders have sold a total of 18,802 shares of company stock valued at $58,937,810 over the last ninety days. 42.23% of the stock is currently owned by corporate insiders.

About RHI Magnesita

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 22,000 employees in 47 main production sites, 9 recycling facilities and more than 70 sales offices.