RHI Magnesita (LON:RHIM) Declares €0.60 Dividend

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

RHI Magnesita Stock Down 0.1 %

RHIM opened at GBX 3,580 ($47.21) on Tuesday. The company has a current ratio of 1.91, a quick ratio of 0.93 and a debt-to-equity ratio of 134.00. RHI Magnesita has a 12 month low of GBX 2,456 ($32.39) and a 12 month high of GBX 3,827.49 ($50.47). The business’s 50-day moving average price is GBX 3,536.70 and its 200-day moving average price is GBX 3,511.23. The company has a market cap of £1.69 billion, a P/E ratio of 1,099.69, a P/E/G ratio of 2.03 and a beta of 1.53.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their price target on shares of 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

In other RHI Magnesita news, insider Karl Sevelda sold 1,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of GBX 3,562 ($46.97), for a total transaction of £35,620 ($46,973.49). Insiders own 42.22% of the company’s stock.

RHI Magnesita Company Profile

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.