Melrose Industries PLC (MRO) Announces Dividend of GBX 1.40
Melrose Industries PLC (LON:MRO) announced a dividend on Thursday, August 31st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 7th will be given a dividend of GBX 1.40 ($0.02) per share on Friday, October 6th. This represents a yield of 0.64%. The ex-dividend date of this dividend is Thursday, September 7th. The official announcement can be accessed at this link.
Melrose Industries PLC (MRO) traded down 0.52% during mid-day trading on Wednesday, reaching GBX 211.70. The company’s stock had a trading volume of 10,931,101 shares. The firm’s 50 day moving average price is GBX 230.27 and its 200 day moving average price is GBX 233.45. The firm’s market capitalization is GBX 3.99 billion. Melrose Industries PLC has a 52 week low of GBX 155.75 and a 52 week high of GBX 261.70.
Several equities analysts have recently issued reports on the company. Peel Hunt reiterated a “buy” rating and set a GBX 240 ($3.10) price target on shares of Melrose Industries PLC in a research report on Wednesday. Numis Securities Ltd reiterated a “buy” rating and set a GBX 290 ($3.75) price target on shares of Melrose Industries PLC in a research report on Friday, September 1st. Beaufort Securities reiterated a “buy” rating on shares of Melrose Industries PLC in a research report on Friday, September 1st. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 250 ($3.23) price target on shares of Melrose Industries PLC in a research report on Friday, September 1st. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 260 ($3.36) price target on shares of Melrose Industries PLC in a research report on Thursday, August 31st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 260.91 ($3.37).
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In related news, insider David Alexander Roper sold 2,000,000 shares of Melrose Industries PLC stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of GBX 251 ($3.24), for a total value of £5,020,000 ($6,483,275.22).
About Melrose Industries PLC
Melrose Industries PLC is a United Kingdom-based company, which is engaged in buying manufacturing businesses. The Company operates through an Energy segment, which includes the Brush business that is a specialist supplier of energy industrial products to the global market. The Company’s Brush Turbogenerators is an independent manufacturer of electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors, and also supplies switchgear, transformers and other power infrastructure equipment.
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