Smiths Group plc (LON:SMIN) to Issue Dividend Increase – GBX 36 Per Share

Smiths Group plc (LON:SMIN) announced a dividend on Tuesday, March 25th, Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, April 10th will be given a dividend of GBX 36 ($0.47) per share on Thursday, April 17th. This represents a yield of 0.71%. The ex-dividend date is Thursday, April 10th. This is a 19.2% increase from Smiths Group’s previous dividend of $30.20. The official announcement can be viewed at this link.

Smiths Group Price Performance

Shares of SMIN stock opened at GBX 2,028 ($26.20) on Tuesday. Smiths Group has a 1 year low of GBX 1,514.66 ($19.57) and a 1 year high of GBX 2,188 ($28.27). The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.55. The firm’s 50 day moving average is GBX 1,979.67 and its 200-day moving average is GBX 1,800.52. The firm has a market capitalization of £6.91 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 0.35 and a beta of 0.66.

Smiths Group (LON:SMIN) last announced its quarterly earnings data on Tuesday, March 25th. The company reported GBX 55.50 ($0.72) EPS for the quarter. Smiths Group had a return on equity of 11.54% and a net margin of 7.98%. Sell-side analysts forecast that Smiths Group will post 85.1295337 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Richard Howes purchased 87 shares of Smiths Group stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of GBX 2,030 ($26.23) per share, for a total transaction of £1,766.10 ($2,282.08). Corporate insiders own 0.61% of the company’s stock.

Smiths Group Company Profile

Smiths Group plc operates as an industrial technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.