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Spirax-Sarco Engineering plc (LON:SPX) declared a dividend on Thursday, August 7th, Stock Ratings Network.com reports. Investors of record on Thursday, October 9th will be given a dividend of GBX 19.50 ($0.33) per share on Friday, November 7th. This represents a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. The official announcement can be viewed at this link.

SPX has been the subject of a number of recent research reports. Analysts at Investec reiterated a “buy” rating on shares of Spirax-Sarco Engineering plc in a research note on Thursday. On a related note, analysts at Credit Suisse upgraded shares of Spirax-Sarco Engineering plc to an “outperform” rating in a research note on Tuesday, July 22nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 2,819.50 ($47.44).

Spirax-Sarco Engineering plc (LON:SPX) traded up 3.07% during mid-day trading on Thursday, hitting GBX 2774.6763. The stock had a trading volume of 288,788 shares. Spirax-Sarco Engineering plc has a one year low of GBX 2548.00 and a one year high of GBX 3214.00. The stock has a 50-day moving average of GBX 2722.86 and a 200-day moving average of GBX 2869.. The company’s market cap is £2.088 billion.

Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.

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