Vesuvius plc (LON:VSVS) Raises Dividend to GBX 16.20 Per Share

Vesuvius plc (LON:VSVS) declared a dividend on Thursday, February 29th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 18th will be paid a dividend of GBX 16.20 ($0.20) per share on Friday, May 31st. This represents a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Vesuvius’s previous dividend of $6.80. The official announcement can be viewed at this link.

Vesuvius Price Performance

VSVS stock opened at GBX 477.32 ($5.94) on Wednesday. The business has a 50 day moving average price of GBX 484.50 and a 200 day moving average price of GBX 458.36. The stock has a market cap of £1.28 billion, a price-to-earnings ratio of 1,072.73, a PEG ratio of 0.57 and a beta of 1.30. Vesuvius has a fifty-two week low of GBX 378.60 ($4.71) and a fifty-two week high of GBX 504.68 ($6.28). The company has a quick ratio of 1.20, a current ratio of 1.95 and a debt-to-equity ratio of 30.47.

Insider Buying and Selling at Vesuvius

In other news, insider Mark Collis acquired 8,228 shares of Vesuvius stock in a transaction on Thursday, February 29th. The stock was bought at an average price of GBX 484 ($6.03) per share, for a total transaction of £39,823.52 ($49,574.90). In other news, insider Patrick André sold 66,184 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of GBX 484 ($6.03), for a total transaction of £320,330.56 ($398,768.28). Also, insider Mark Collis purchased 8,228 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were bought at an average price of GBX 484 ($6.03) per share, with a total value of £39,823.52 ($49,574.90). 1.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VSVS. Jefferies Financial Group restated a “buy” rating and set a GBX 675 ($8.40) target price on shares of Vesuvius in a research note on Thursday, February 29th. Berenberg Bank boosted their target price on Vesuvius from GBX 480 ($5.98) to GBX 580 ($7.22) and gave the stock a “buy” rating in a research note on Tuesday, March 5th.

Vesuvius Company Profile

Vesuvius plc provides molten metal flow engineering and technology services to steel and foundry industries worldwide. It operates through Flow Control, Sensor & Probes, and Advanced Refractories segments. The company provides consumables and equipment, which includes binders, coatings, feeding systems, filtration and gating systems, melt shop refractories, metallurgical and pouring control systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for the iron, steel, and nonferrous foundries.