Bodycote plc (LON:BOY) Increases Dividend to GBX 13.40 Per Share
Bodycote plc (LON:BOY) declared a dividend on Friday, March 12th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 22nd will be paid a dividend of GBX 13.40 ($0.18) per share on Friday, June 4th. This represents a dividend yield of 1.67%. The ex-dividend date is Thursday, April 22nd. This is a boost from Bodycote’s previous dividend of $6.00. The official announcement can be seen at this link.
LON:BOY opened at GBX 813 ($10.62) on Wednesday. The stock has a market capitalization of £1.56 billion and a price-to-earnings ratio of 4,050.00. Bodycote has a 52 week low of GBX 472.60 ($6.17) and a 52 week high of GBX 874 ($11.42). The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 18.90. The firm has a 50 day moving average of GBX 810.45 and a 200 day moving average of GBX 738.64.
Separately, JPMorgan Chase & Co. upped their price target on Bodycote from GBX 635 ($8.30) to GBX 650 ($8.49) and gave the stock an “underweight” rating in a research report on Tuesday, February 9th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Bodycote presently has a consensus rating of “Hold” and a consensus target price of GBX 625.83 ($8.18).
Bodycote plc provides heat treatment and thermal processing services worldwide. The company operates through Aerospace, Defence & Energy; and Automotive & General Industrial segments. It offers heat treatment services, including altering the microstructure of metals and alloys, such as steel and aluminum to impart properties comprising surface hardness, temperature resistance, ductility, and strength; metal joining services consisting of electron beam welding, HIP diffusion bonding, hydrogen brazing, induction brazing, and vacuum and honeycomb brazing; and hot isostatic pressing (HIP) services, including isostatic pressing and HIP supporting services, as well as Powdermet technology, a manufacturing process used in the production of complex components using powder metallurgy.
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