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

Luxfer Holdings PLC (NYSE:LXFRGet Free Report) announced a quarterly dividend on Monday, July 6th. Shareholders of record on Friday, July 17th will be given a dividend of 0.13 per share by the industrial products company on Wednesday, August 5th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, July 17th.

Luxfer has increased its dividend payment by an average of 0.0%annually over the last three years. Luxfer has a dividend payout ratio of 44.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Luxfer to earn $1.35 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 38.5%.

Luxfer Trading Down 3.3%

Shares of LXFR stock traded down $0.58 on Tuesday, hitting $16.77. The company had a trading volume of 15,317 shares, compared to its average volume of 176,092. Luxfer has a twelve month low of $11.19 and a twelve month high of $19.45. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.75. The firm has a market cap of $452.96 million, a P/E ratio of 76.23, a P/E/G ratio of 2.23 and a beta of 1.12. The stock’s 50-day moving average is $16.76 and its two-hundred day moving average is $14.78.

Analysts Set New Price Targets

LXFR has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Luxfer from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen cut shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. Freedom Capital raised shares of Luxfer to a “strong-buy” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Luxfer in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Luxfer currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on Luxfer

About Luxfer

(Get Free Report)

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.

Further Reading

Dividend History for Luxfer (NYSE:LXFR)

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