Elementis plc (LON:ELM) Increases Dividend to $0.03 Per Share

Elementis plc (LON:ELM) announced a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Stockholders of record on Thursday, May 1st will be given a dividend of $0.03 per share on Friday, May 30th. This represents a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, May 1st. This is a 163.6% increase from Elementis’s previous dividend of $0.01. The official announcement can be seen at this link.

Elementis Stock Performance

Shares of LON ELM opened at GBX 128.90 ($1.73) on Tuesday. Elementis has a 12-month low of GBX 109.60 ($1.47) and a 12-month high of GBX 169.80 ($2.28). The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 37.85. The company has a market cap of £951.60 million, a PE ratio of -27.35, a P/E/G ratio of 3.05 and a beta of 2.02. The stock has a 50 day simple moving average of GBX 136.23 and a 200-day simple moving average of GBX 140.58.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 170 ($2.28) target price on shares of Elementis in a research note on Thursday, January 2nd.

About Elementis

Elementis plc operates as a specialty chemical company in the United Kingdom, rest of Europe, North America, and internationally. It operates in two segments, Performance Specialties and Personal Care. The Performance Specialties segment engages in the production of rheological modifiers and additives for decorative and industrial coatings; and production and supply of talc for use in plastics, coatings, technical ceramics, and paper sectors.