XP Power Ltd. (XPP) Declares Dividend Increase – GBX 16 Per Share
XP Power Ltd. (LON:XPP) announced a dividend on Monday, July 31st, Upcoming.Co.Uk reports. Investors of record on Thursday, September 14th will be paid a dividend of GBX 16 ($0.21) per share on Thursday, October 12th. This represents a yield of 0.6%. The ex-dividend date is Thursday, September 14th. This is an increase from XP Power’s previous dividend of $15.00. The official announcement can be viewed at this link.
Shares of XP Power (LON:XPP) traded up 2.84% during midday trading on Friday, reaching GBX 2676.00. 748 shares of the company traded hands. The company has a 50-day moving average of GBX 2,627.49 and a 200 day moving average of GBX 2,438.85. XP Power has a 12-month low of GBX 1,655.00 and a 12-month high of GBX 2,800.00. The firm’s market capitalization is GBX 509.83 million.
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Separately, Peel Hunt boosted their target price on shares of XP Power from GBX 2,520 ($32.55) to GBX 2,680 ($34.61) and gave the company a “buy” rating in a research note on Monday, July 31st.
In other XP Power news, insider Andy Sng sold 11,000 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of GBX 2,400 ($31.00), for a total value of £264,000 ($340,953.12).
XP Power Company Profile
XP Power Limited is a United Kingdom-based developer and manufacturer of critical power control components for the electronics industry. The Company provides power solutions, including alternating current (AC)-direct current (DC) power supplies and DC-DC converters. The Company’s segment include Europe, North America and Asia geographical.
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