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

Luxfer Holdings PLC (NYSE:LXFR) declared a quarterly dividend on Tuesday, January 13th. Shareholders of record on Friday, January 23rd will be given a dividend of 0.13 per share by the industrial products company on Wednesday, February 4th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, January 23rd.

Luxfer has increased 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. Equities research analysts expect Luxfer to earn $0.97 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 53.6%.

Luxfer Stock Up 0.9%

Shares of NYSE:LXFR opened at $14.68 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.71 and a current ratio of 1.66. Luxfer has a 52-week low of $9.41 and a 52-week high of $14.95. The firm has a market capitalization of $392.15 million, a P/E ratio of 27.69, a P/E/G ratio of 1.70 and a beta of 0.99. The stock has a 50 day moving average price of $13.13 and a 200-day moving average price of $13.00.

About Luxfer

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.