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

Luxfer Holdings PLC (NYSE:LXFR) declared a quarterly dividend on Monday, July 6th. Investors of record on Friday, July 17th will be given a dividend of 0.13 per share by the industrial products company on Wednesday, August 5th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, July 17th.

Luxfer has raised its dividend by an average of 0.0%per year over the last three years. Luxfer has a payout ratio of 44.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Luxfer to earn $1.35 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 38.5%.

Luxfer Stock Down 3.3%

Luxfer stock traded down $0.58 during midday trading on Tuesday, hitting $16.77. 18,080 shares of the stock were exchanged, compared to its average volume of 176,097. Luxfer has a 52-week low of $11.19 and a 52-week high of $19.45. The stock has a market capitalization of $452.93 million, a price-to-earnings ratio of 76.19, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12. The business’s 50-day moving average price is $16.76 and its 200-day moving average price is $14.78. The company has a quick ratio of 0.81, a current ratio of 1.75 and a debt-to-equity ratio of 0.15.

Luxfer Company Profile

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.