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

Luxfer Holdings PLC (NYSE:LXFR) announced a quarterly dividend on Wednesday, January 15th,RTT News reports. Stockholders 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 dividend yield of 3.93%.

Luxfer has raised its dividend payment by an average of 1.3% per year over the last three years. Luxfer has a payout ratio of 39.7% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Up 3.4 %

LXFR opened at $13.23 on Thursday. Luxfer has a fifty-two week low of $7.55 and a fifty-two week high of $15.64. The firm has a market capitalization of $354.30 million, a P/E ratio of 40.09, a PEG ratio of 1.58 and a beta of 0.88. The company’s 50-day moving average is $13.78 and its 200 day moving average is $12.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.14.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Luxfer from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

About Luxfer

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.