Morgan Advanced Materials plc (LON:MGAM) Raises Dividend to GBX 6.70 Per Share

Morgan Advanced Materials plc (LON:MGAM) declared a dividend on Tuesday, March 12th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 25th will be paid a dividend of GBX 6.70 ($0.08) per share on Friday, May 17th. This represents a dividend yield of 2.49%. The ex-dividend date is Thursday, April 25th. This is a boost from Morgan Advanced Materials’s previous dividend of $5.30. The official announcement can be seen at this link.

Morgan Advanced Materials Stock Up 1.2 %

Shares of Morgan Advanced Materials stock opened at GBX 303.50 ($3.75) on Tuesday. The company has a current ratio of 2.06, a quick ratio of 1.26 and a debt-to-equity ratio of 89.51. The company’s fifty day simple moving average is GBX 277.39 and its two-hundred day simple moving average is GBX 265.13. The company has a market cap of £866.10 million, a P/E ratio of 1,875.00, a PEG ratio of 0.65 and a beta of 1.43. Morgan Advanced Materials has a 12-month low of GBX 215.50 ($2.66) and a 12-month high of GBX 313.50 ($3.87).

Insider Buying and Selling at Morgan Advanced Materials

In other news, insider Pete Raby sold 4,156 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of GBX 285 ($3.52), for a total value of £11,844.60 ($14,630.19). In other Morgan Advanced Materials news, insider Clement Woon bought 15,000 shares of Morgan Advanced Materials stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average cost of GBX 266 ($3.29) per share, with a total value of £39,900 ($49,283.60). Also, insider Pete Raby sold 4,156 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of GBX 285 ($3.52), for a total transaction of £11,844.60 ($14,630.19). Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group downgraded shares of Morgan Advanced Materials to a “hold” rating and set a GBX 315 ($3.89) price objective on the stock. in a research report on Wednesday, January 31st.

Morgan Advanced Materials Company Profile

Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013.