Porvair plc (LON:PRV) Increases Dividend to GBX 4.20 Per Share

Porvair plc (LON:PRV) declared a dividend on Monday, February 10th, DividendData.Co.Uk reports. Investors of record on Thursday, May 1st will be given a dividend of GBX 4.20 ($0.06) per share on Wednesday, June 4th. This represents a dividend yield of 0.64%. The ex-dividend date is Thursday, May 1st. This is a 100.0% increase from Porvair’s previous dividend of $2.10. The official announcement can be viewed at this link.

Porvair Stock Performance

Shares of Porvair stock opened at GBX 727.17 ($9.77) on Tuesday. The business has a 50-day simple moving average of GBX 692.38 and a 200 day simple moving average of GBX 683.16. The firm has a market capitalization of £332.72 million, a price-to-earnings ratio of 21.56 and a beta of 0.76. The company has a debt-to-equity ratio of 19.67, a current ratio of 1.83 and a quick ratio of 1.22. Porvair has a one year low of GBX 599 ($8.05) and a one year high of GBX 768 ($10.32).

Porvair (LON:PRV) last issued its earnings results on Monday, February 10th. The company reported GBX 38.60 ($0.52) earnings per share (EPS) for the quarter. Porvair had a return on equity of 10.75% and a net margin of 8.57%. On average, research analysts anticipate that Porvair will post 39.0358613 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “hold” rating on shares of Porvair in a research report on Tuesday, April 15th.

Insider Buying and Selling

In other Porvair news, insider Ben Stocks sold 70,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of GBX 716 ($9.62), for a total value of £501,200 ($673,384.39). 21.55% of the stock is currently owned by corporate insiders.

About Porvair

Porvair plc engages in the filtration, laboratory, and environmental technology business. It operates through three segments: Aerospace & Industrial, Laboratory, and Metal Melt Quality. The Aerospace & Industrial segment designs and manufactures a range of specialist filtration equipment for aerospace, energy, and industrial applications.