RHI Magnesita (LON:RHIM) Declares €0.60 Dividend

RHI Magnesita (LON:RHIM) announced a dividend on Wednesday, July 24th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 29th will be paid a dividend of €0.60 ($0.67) per share on Thursday, September 26th. This represents a yield of 1.38%. The ex-dividend date is Thursday, August 29th. The official announcement can be seen at this link.

RHI Magnesita Stock Performance

RHI Magnesita stock traded down GBX 200 ($2.64) during mid-day trading on Wednesday, hitting GBX 3,320 ($43.78). 45,847 shares of the company’s stock traded hands, compared to its average volume of 18,304. The firm has a 50 day simple moving average of GBX 3,543.70 and a two-hundred day simple moving average of GBX 3,511.01. RHI Magnesita has a fifty-two week low of GBX 2,456 ($32.39) and a fifty-two week high of GBX 3,827.49 ($50.47). The stock has a market cap of £1.57 billion, a price-to-earnings ratio of 1,079.75, a P/E/G ratio of 2.03 and a beta of 1.53. The company has a debt-to-equity ratio of 134.00, a current ratio of 1.91 and a quick ratio of 0.93.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their price target on RHI Magnesita from GBX 4,300 ($56.71) to GBX 4,150 ($54.73) and set a “buy” rating for the company in a report on Thursday, July 25th.

Insider Activity at RHI Magnesita

In related news, insider Karl Sevelda sold 1,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of GBX 3,562 ($46.97), for a total value of £35,620 ($46,973.49). 42.22% of the stock is owned by insiders.

About RHI Magnesita

RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide. It offers magnesia spinel, dolomite, dolomite-magnesia, magnesia-chrome, alumina, alumina silicate, and mortars for the cement industry; shaped products based on silicon carbide, magnesia, zirconium, fireclay, and alumina; unshaped refractories; high-temperature insulation, and ceramic and metallic anchoring systems; induction and electric arc furnaces, AOD converters, dome and delta, ladles, isostatically pressed and tundish products, and slide gates.