Volex plc (LON:VLX) Declares Dividend of GBX 2.80

Volex plc (LON:VLX) announced a dividend on Wednesday, June 26th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 25th will be paid a dividend of GBX 2.80 ($0.04) per share on Friday, August 30th. This represents a yield of 0.79%. The ex-dividend date is Thursday, July 25th. This is a boost from Volex’s previous dividend of $1.40. The official announcement can be seen at this link.

Volex Stock Up 0.1 %

LON VLX traded up GBX 0.25 ($0.00) during mid-day trading on Thursday, reaching GBX 331.25 ($4.20). 950,953 shares of the company’s stock traded hands, compared to its average volume of 399,272. Volex has a 1-year low of GBX 264.50 ($3.36) and a 1-year high of GBX 365 ($4.63). The company has a fifty day simple moving average of GBX 338.50 and a 200-day simple moving average of GBX 313.99. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 70.82. The company has a market cap of £601.62 million, a price-to-earnings ratio of 2,068.75 and a beta of 0.96.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 400 ($5.07) price objective on shares of Volex in a research note on Wednesday, June 12th.

About Volex

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords.