Melrose Industries PLC (LON:MRO) Announces Dividend Increase – GBX 4 Per Share

Melrose Industries PLC (LON:MRO) declared a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 27th will be given a dividend of GBX 4 ($0.05) per share on Friday, May 9th. This represents a dividend yield of 0.75%. The ex-dividend date is Thursday, March 27th. This is a 100.0% increase from Melrose Industries’s previous dividend of $2.00. The official announcement can be accessed at this link.

Melrose Industries Trading Up 1.3 %

Shares of MRO stock opened at GBX 527.60 ($6.82) on Tuesday. The company has a market capitalization of £6.82 billion, a PE ratio of -178.44, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. Melrose Industries has a 52-week low of GBX 413.58 ($5.34) and a 52-week high of GBX 682.60 ($8.82). The business’s fifty day moving average is GBX 588.49 and its 200 day moving average is GBX 533.31. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86.

Melrose Industries (LON:MRO) last released its quarterly earnings results on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share for the quarter. Melrose Industries had a negative return on equity of 1.18% and a negative net margin of 1.13%. On average, equities research analysts anticipate that Melrose Industries will post 33.9741641 EPS for the current fiscal year.

Insider Buying and Selling at Melrose Industries

In other news, insider Matthew Gregory acquired 36,869 shares of Melrose Industries stock in a transaction dated Monday, March 24th. The shares were purchased at an average cost of GBX 528 ($6.82) per share, for a total transaction of £194,668.32 ($251,541.96). Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 850 ($10.98) target price on shares of Melrose Industries in a research report on Thursday, January 23rd.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.