Luxfer Holdings PLC to Issue 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 paid a dividend of 0.13 per share by the industrial products company on Wednesday, May 6th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, April 17th.

Luxfer has increased its dividend payment by an average of 0.0%per year over the last three years. Luxfer has a payout ratio of 44.1% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of NYSE:LXFR opened at $12.87 on Thursday. The company’s 50 day simple moving average is $13.47 and its 200 day simple moving average is $13.45. The stock has a market capitalization of $342.86 million, a price-to-earnings ratio of 44.38, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 0.73. Luxfer has a 1 year low of $9.41 and a 1 year high of $16.02.

Wall Street Analyst Weigh In

LXFR has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Luxfer in a report on Monday, March 23rd. Wall Street Zen raised shares of Luxfer from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Finally, Zacks Research cut shares of Luxfer from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Luxfer currently 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.