Devro plc Declares Dividend of GBX 2.70 (LON:DVO)
Devro plc (LON:DVO) announced a dividend on Wednesday, July 31st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 22nd will be given a dividend of GBX 2.70 ($0.04) per share on Friday, October 4th. This represents a yield of 1.29%. The ex-dividend date is Thursday, August 22nd. The official announcement can be accessed at this link.
Devro stock opened at GBX 191.80 ($2.51) on Wednesday. The stock has a 50-day moving average of GBX 203.33 and a two-hundred day moving average of GBX 196.13. The company has a debt-to-equity ratio of 112.94, a quick ratio of 1.50 and a current ratio of 2.90. Devro has a one year low of GBX 150.80 ($1.97) and a one year high of GBX 222 ($2.90). The stock has a market cap of $313.22 million and a PE ratio of 21.08.
DVO has been the subject of a number of research analyst reports. Shore Capital reiterated a “buy” rating on shares of Devro in a research note on Wednesday, July 31st. Peel Hunt restated a “hold” rating on shares of Devro in a research note on Monday, July 29th. Finally, Numis Securities restated a “buy” rating and issued a GBX 240 ($3.14) price objective on shares of Devro in a research note on Thursday, April 25th.
Devro plc, together with its subsidiaries, manufactures and supplies collagen casings in the Americas, Europe, and the Asia-Pacific. It offers edible and non-edible collagen casings, tubular films, and plastic casings for use in the production of a range of sausages and other meat products. The company sells its products to food manufacturers through agents and distributors.
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