Stelrad Group (LON:SRAD) Hits New 12-Month High Following Dividend Announcement

Stelrad Group PLC (LON:SRAD) shares reached a new 52-week high during trading on Tuesday after the company announced a dividend. The stock traded as high as GBX 145.60 ($1.86) and last traded at GBX 145.60 ($1.86), with a volume of 262878 shares trading hands. The stock had previously closed at GBX 138 ($1.76).

The newly announced dividend which will be paid on Friday, October 25th. Investors of record on Thursday, October 10th will be issued a dividend of GBX 2.98 ($0.04) per share. This represents a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, October 10th. Stelrad Group’s dividend payout ratio is currently 6,666.67%.

Stelrad Group Price Performance

The company has a current ratio of 1.59, a quick ratio of 0.76 and a debt-to-equity ratio of 164.32. The company has a fifty day moving average price of GBX 123.23 and a two-hundred day moving average price of GBX 122.22. The company has a market cap of £185.42 million, a price-to-earnings ratio of 1,150.00 and a beta of 0.23.

Insider Transactions at Stelrad Group

In other news, insider Nicola Bruce bought 9,000 shares of the company’s stock in a transaction dated Thursday, July 4th. The shares were bought at an average cost of GBX 113 ($1.44) per share, with a total value of £10,170 ($12,985.19). In other Stelrad Group news, insider Katherine Innes Ker acquired 8,800 shares of Stelrad Group stock in a transaction dated Monday, June 24th. The stock was purchased at an average cost of GBX 112 ($1.43) per share, for a total transaction of £9,856 ($12,584.27). Also, insider Nicola Bruce bought 9,000 shares of the firm’s stock in a transaction dated Thursday, July 4th. The shares were acquired at an average cost of GBX 113 ($1.44) per share, with a total value of £10,170 ($12,985.19). Corporate insiders own 65.13% of the company’s stock.

Stelrad Group Company Profile

Stelrad Group PLC manufactures and distributes radiators in the United Kingdom, Ireland, Europe, Turkey, and internationally. It offers steel panel and low surface temperature radiators; towel warmers; decorative steel tubular radiators; steel multicolumn and aluminium radiators; and hydronic, hybrid, dual fuel, and electrical heat emitters under the Stelrad, Henrad, Termo Teknik, DL Radiators, and Hudevad brands.