Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) Increases Dividend to $0.76 Per Share

Spirax-Sarco Engineering plc (OTCMKTS:SPXSY) announced a dividend on Tuesday, March 25th, NASDAQ Dividends reports. Investors of record on Friday, April 25th will be paid a dividend of 0.7609 per share on Monday, June 9th. The ex-dividend date of this dividend is Friday, April 25th. This is a 183.8% increase from Spirax-Sarco Engineering’s previous dividend of $0.27.

Spirax-Sarco Engineering Stock Performance

Spirax-Sarco Engineering stock traded down $0.74 during mid-day trading on Wednesday, hitting $43.13. 5,081 shares of the company were exchanged, compared to its average volume of 19,489. The business has a fifty day moving average of $46.88 and a 200 day moving average of $45.83. Spirax-Sarco Engineering has a 1-year low of $39.28 and a 1-year high of $61.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.61 and a current ratio of 2.25.

Analysts Set New Price Targets

SPXSY has been the subject of a number of recent analyst reports. Barclays upgraded shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. Hsbc Global Res raised shares of Spirax-Sarco Engineering from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 13th.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.