Norcros plc (LON:NXR) Declares Dividend Increase – GBX 6.80 Per Share

Norcros plc (LON:NXRGet Free Report) declared a dividend on Thursday, June 13th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 27th will be paid a dividend of GBX 6.80 ($0.09) per share on Friday, August 2nd. This represents a yield of 3.29%. The ex-dividend date is Thursday, June 27th. This is an increase from Norcros’s previous dividend of $3.40. The official announcement can be viewed at this link.

Norcros Trading Up 0.9 %

Shares of NXR opened at GBX 229 ($2.90) on Tuesday. The stock has a fifty day moving average of GBX 205.67 and a two-hundred day moving average of GBX 192.41. The company has a debt-to-equity ratio of 47.99, a quick ratio of 0.91 and a current ratio of 2.10. The company has a market capitalization of £205.18 million, a PE ratio of 1,418.75 and a beta of 1.42. Norcros has a fifty-two week low of GBX 134 ($1.70) and a fifty-two week high of GBX 236 ($2.99).

Analyst Ratings Changes

Several research analysts have weighed in on NXR shares. Numis Securities reiterated a “buy” rating and issued a GBX 315 ($4.00) price target on shares of Norcros in a report on Thursday, April 11th. Shore Capital reaffirmed a “buy” rating on shares of Norcros in a research report on Thursday, June 13th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 325 ($4.12) price target on shares of Norcros in a research report on Thursday, April 11th.

Check Out Our Latest Report on Norcros

Insider Buying and Selling at Norcros

In other news, insider Stefan Allanson acquired 11,305 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was bought at an average cost of GBX 210 ($2.66) per share, with a total value of £23,740.50 ($30,116.07). 10.60% of the stock is currently owned by corporate insiders.

Norcros Company Profile

(Get Free Report)

Norcros plc, together with its subsidiaries, develops, manufactures, and markets 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; shower enclosures and trays to the residential, commercial, and hospitality sectors under the Merlyn brand; taps, mixer showers, bathroom accessories, and valves under the Vado brand; 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.

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Dividend History for Norcros (LON:NXR)

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