Vesuvius PLC (VSVS) Announces Dividend of GBX 13.80

Vesuvius PLC (LON:VSVS) announced a dividend on Thursday, February 28th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 18th will be given a dividend of GBX 13.80 ($0.18) per share on Friday, May 24th. This represents a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Vesuvius’s previous dividend of $6.00. The official announcement can be seen at this link.

LON:VSVS opened at GBX 638 ($8.34) on Wednesday. The firm has a market cap of $1.72 billion and a PE ratio of 12.51. The company has a quick ratio of 1.73, a current ratio of 2.35 and a debt-to-equity ratio of 41.51. Vesuvius has a fifty-two week low of GBX 469.40 ($6.13) and a fifty-two week high of GBX 663 ($8.66).

Vesuvius (LON:VSVS) last released its earnings results on Thursday, February 28th. The company reported GBX 49.60 ($0.65) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 47.50 ($0.62) by GBX 2.10 ($0.03). On average, research analysts expect that Vesuvius will post 4866.9998396707 earnings per share for the current year.

In related news, insider Guy Young sold 60,629 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of GBX 613 ($8.01), for a total transaction of £371,655.77 ($485,634.09).

A number of research firms have recently weighed in on VSVS. Deutsche Bank reiterated a “hold” rating on shares of Vesuvius in a research report on Monday. Berenberg Bank upped their price objective on Vesuvius from GBX 615 ($8.04) to GBX 660 ($8.62) and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Goldman Sachs Group upped their price objective on Vesuvius from GBX 600 ($7.84) to GBX 620 ($8.10) and gave the stock a “neutral” rating in a research report on Monday, March 4th. Royal Bank of Canada restated an “outperform” rating and set a GBX 700 ($9.15) price objective on shares of Vesuvius in a research report on Monday, March 4th. Finally, HSBC upgraded Vesuvius to a “buy” rating and upped their price objective for the stock from GBX 675 ($8.82) to GBX 725 ($9.47) in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 686.67 ($8.97).

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Vesuvius Company Profile

Vesuvius plc provides engineering services and solutions principally to steel and foundry industries worldwide. It operates in two segments, Steel and Foundry. The company offers foundry consumables and equipment, including binders, melt shop refractories, coatings, filtration and gating systems, metallurgical and pouring control systems, feeding systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for the iron, steel, and nonferrous foundries.

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Dividend History for Vesuvius (LON:VSVS)

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