Luxfer Holdings PLC Announces Quarterly Dividend of $0.13 (NYSE:LXFR)

Luxfer Holdings PLC (NYSE:LXFR) declared a quarterly dividend on Monday, July 8th, Wall Street Journal reports. Investors of record on Friday, July 19th will be paid a dividend of 0.13 per share by the industrial products company on Wednesday, August 7th. This represents a $0.52 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Friday, July 19th.

Luxfer has a payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Luxfer to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 51.0%.

Luxfer Stock Down 2.0 %

LXFR stock opened at $12.44 on Thursday. The stock has a market capitalization of $340.98 million, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. The company has a 50-day moving average of $11.79 and a two-hundred day moving average of $10.20. Luxfer has a 52-week low of $7.55 and a 52-week high of $14.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.56 and a quick ratio of 1.33.

Luxfer (NYSE:LXFR) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.12. The firm had revenue of $89.40 million during the quarter, compared to the consensus estimate of $82.90 million. Luxfer had a return on equity of 6.59% and a net margin of 0.08%. As a group, equities research analysts anticipate that Luxfer will post 0.77 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Luxfer from a “hold” rating to a “buy” rating in a research report on Monday, May 13th.

Luxfer Company Profile

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.