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

Luxfer Holdings PLC (NYSE:LXFR) announced a quarterly dividend on Wednesday, January 15th,RTT News reports. Investors of record on Friday, January 17th will be given a dividend of 0.13 per share by the industrial products company on Wednesday, February 5th. This represents a $0.52 annualized dividend and a yield of 3.64%. The ex-dividend date is Monday, January 27th.

Luxfer has increased its dividend payment by an average of 1.3% annually over the last three years. Luxfer has a payout ratio of 39.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Luxfer to earn $0.97 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 53.6%.

Luxfer Price Performance

Shares of NYSE:LXFR opened at $14.28 on Friday. Luxfer has a one year low of $7.55 and a one year high of $15.64. The stock has a market capitalization of $382.39 million, a price-to-earnings ratio of 43.27, a PEG ratio of 1.79 and a beta of 0.88. The company has a 50-day simple moving average of $13.66 and a 200-day simple moving average of $12.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.17.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

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.