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

Luxfer Holdings PLC (NYSE:LXFR) declared a quarterly dividend on Wednesday, January 15th,RTT News reports. Investors of record on Friday, January 17th will be paid a dividend of 0.13 per share by the industrial products company on Wednesday, February 5th. This represents a $0.52 annualized dividend and a yield of 3.93%.

Luxfer has increased its dividend by an average of 1.3% annually over the last three years. Luxfer has a dividend payout ratio of 39.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 3.4 %

LXFR stock traded up $0.43 during midday trading on Wednesday, reaching $13.23. 139,392 shares of the company’s stock traded hands, compared to its average volume of 94,755. The business has a 50-day moving average price of $13.81 and a two-hundred day moving average price of $12.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.14. Luxfer has a fifty-two week low of $7.55 and a fifty-two week high of $15.64. The company has a market capitalization of $354.37 million, a P/E ratio of 40.09, a PEG ratio of 2.29 and a beta of 0.88.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Luxfer from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

Luxfer Company Profile

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.