Luxfer Holdings PLC Plans Quarterly Dividend of $0.13 (NYSE:LXFR)

Luxfer Holdings PLC (NYSE:LXFR) declared a quarterly dividend on Wednesday, April 8th. Investors of record on Friday, April 17th will be given a dividend of 0.13 per share by the industrial products company on Wednesday, May 6th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, April 17th.

Luxfer has increased its dividend by an average of 0.0%per year over the last three years. Luxfer has a payout ratio of 44.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Luxfer to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 53.6%.

Luxfer Price Performance

NYSE:LXFR opened at $12.87 on Thursday. Luxfer has a 1-year low of $9.41 and a 1-year high of $16.02. The company has a current ratio of 1.67, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $13.47 and a 200 day simple moving average of $13.45. The stock has a market capitalization of $342.86 million, a PE ratio of 44.38, a P/E/G ratio of 1.73 and a beta of 0.98.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Luxfer from a “hold” rating to a “buy” rating in a research report on Saturday, April 4th. Zacks Research cut shares of Luxfer from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Luxfer Company Profile

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.