Elementis plc (ELM) to Issue GBX 2.05 Dividend
Elementis plc (LON:ELM) declared a dividend on Tuesday, August 1st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 7th will be given a dividend of GBX 2.05 ($0.03) per share on Friday, September 29th. This represents a yield of 0.73%. The ex-dividend date is Thursday, September 7th. The official announcement can be seen at this link.
Elementis plc (LON ELM) traded up 0.41% on Friday, reaching GBX 270.70. 1,103,073 shares of the company’s stock traded hands. Elementis plc has a 12 month low of GBX 201.90 and a 12 month high of GBX 320.68. The company’s market cap is GBX 1.25 billion. The firm’s 50 day moving average price is GBX 288.20 and its 200 day moving average price is GBX 293.91.
A number of brokerages have recently commented on ELM. Numis Securities Ltd boosted their target price on shares of Elementis plc from GBX 331 ($4.28) to GBX 335 ($4.33) and gave the company an “add” rating in a report on Friday, August 4th. UBS AG started coverage on Elementis plc in a research report on Monday, August 21st. They issued a “buy” rating and a GBX 340 ($4.40) price target for the company. J P Morgan Chase & Co lifted their price target on Elementis plc from GBX 275 ($3.56) to GBX 285 ($3.69) and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Elementis plc in a research report on Friday, July 21st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 316 ($4.09).
About Elementis plc
Elementis plc is a United Kingdom-based specialty chemicals company. The Company operates through three segments: Specialty Products, Chromium and Surfactants. The Specialty Products segment provides functional additives to the coatings, personal care and energy markets. It offers rheological additives and modifiers, high performance dispersing agents, organoclays and colorants, defoamers and coalescing agents, wetting and slip agents, loanolin and other natural oil derivatives, flow and leveling additives, other specialty additives and resins.
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