Luxfer Holdings PLC (LXFR) Declares Dividend Increase – $0.13 Per Share
Luxfer Holdings PLC (NYSE:LXFR) announced a None dividend on Friday, January 5th, NASDAQ reports. Investors of record on Friday, January 19th will be given a dividend of 0.125 per share by the industrial products company on Wednesday, February 7th. The ex-dividend date is Thursday, January 18th. This is a positive change from Luxfer’s previous None dividend of $0.12.
Luxfer has raised its dividend payment by an average of 8.1% annually over the last three years. Luxfer has a dividend payout ratio of 47.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Luxfer to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 41.7%.
Shares of Luxfer (LXFR) opened at $15.04 on Friday. The company has a quick ratio of 1.22, a current ratio of 2.34 and a debt-to-equity ratio of 0.61. Luxfer has a twelve month low of $10.85 and a twelve month high of $16.21. The stock has a market capitalization of $401.51, a PE ratio of 23.50 and a beta of 0.90.
An institutional investor recently raised its position in Luxfer stock. State Street Corp lifted its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,786 shares of the industrial products company’s stock after purchasing an additional 222 shares during the period. State Street Corp owned 0.06% of Luxfer worth $215,000 as of its most recent SEC filing. Institutional investors own 86.27% of the company’s stock.
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Luxfer Company Profile
Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.
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