Luxfer Holdings PLC (LXFR) to Issue Quarterly Dividend of $0.13 on May 8th

Luxfer Holdings PLC (NYSE:LXFR) announced a quarterly dividend on Tuesday, April 9th, Zacks reports. Shareholders of record on Friday, April 19th will be paid a dividend of 0.13 per share by the industrial products company on Wednesday, May 8th. This represents a $0.52 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Thursday, April 18th.

Luxfer has raised its dividend by an average of 1.3% per year over the last three years. Luxfer has a dividend payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Luxfer to earn $1.01 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 51.5%.

Luxfer Stock Performance

Shares of NYSE LXFR opened at $10.05 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 2.60 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $9.49 and its two-hundred day simple moving average is $9.24. Luxfer has a 12-month low of $7.55 and a 12-month high of $16.58.

Luxfer (NYSE:LXFR) last announced its earnings results on Tuesday, February 27th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $95.90 million for the quarter, compared to analysts’ expectations of $89.70 million. Luxfer had a positive return on equity of 6.63% and a negative net margin of 0.47%. Equities analysts expect that Luxfer will post 0.66 EPS for the current year.

Institutional Trading of Luxfer

Institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC purchased a new position in Luxfer in the 1st quarter worth $42,000. Point72 Middle East FZE purchased a new position in Luxfer in the 2nd quarter worth $56,000. Royal Bank of Canada raised its stake in Luxfer by 106.4% in the 2nd quarter. Royal Bank of Canada now owns 4,001 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 2,063 shares during the last quarter. Osaic Holdings Inc. raised its stake in Luxfer by 50.2% in the 2nd quarter. Osaic Holdings Inc. now owns 6,857 shares of the industrial products company’s stock worth $98,000 after acquiring an additional 2,292 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Luxfer by 478.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,486 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 6,191 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

About Luxfer

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.