Norcros plc (LON:NXR) Plans Dividend Increase – GBX 5.60 Per Share

Norcros plc (LON:NXR) declared a dividend on Wednesday, June 12th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 20th will be given a dividend of GBX 5.60 ($0.07) per share on Friday, August 2nd. This represents a yield of 2.73%. The ex-dividend date of this dividend is Thursday, June 20th. This is a positive change from Norcros’s previous dividend of $2.80. The official announcement can be accessed at this link.

NXR traded up GBX 5 ($0.07) during midday trading on Wednesday, hitting GBX 205 ($2.68). 87,837 shares of the company traded hands, compared to its average volume of 55,049. The company has a debt-to-equity ratio of 61.73, a quick ratio of 1.13 and a current ratio of 2.17. The stock has a market capitalization of $164.76 million and a P/E ratio of 9.81. Norcros has a 52 week low of GBX 183 ($2.39) and a 52 week high of GBX 234 ($3.06).

Several equities analysts have issued reports on the stock. Peel Hunt assumed coverage on shares of Norcros in a research note on Friday, May 24th. They set a “buy” rating and a GBX 260 ($3.40) target price on the stock. Numis Securities restated a “buy” rating on shares of Norcros in a research note on Thursday, June 6th.

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About Norcros

Norcros plc, together with its subsidiaries, engages in the development, manufacture, and marketing of bathroom and kitchen products in the United Kingdom and South Africa. The company manufactures and distributes electric, and mixer showers and accessories under the Triton brand name; taps, mixer showers, bathroom accessories, high end brassware, and valves under the Vado brand name; and accessories and furniture for the bathroom, such as toilet seats, wall-mounted cupboards, vanity units, shower rods, rails, and curtains to retail and trade customers under the Croydex brand name.

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Dividend History for Norcros (LON:NXR)

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