Melrose Industries PLC (LON:MRO) Raises Dividend to GBX 3.50 Per Share

Melrose Industries PLC (LON:MRO) announced a dividend on Thursday, March 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, March 28th will be paid a dividend of GBX 3.50 ($0.04) per share on Wednesday, May 8th. This represents a yield of 0.55%. The ex-dividend date is Thursday, March 28th. This is an increase from Melrose Industries’s previous dividend of $1.50. The official announcement can be accessed at this link.

Melrose Industries Stock Down 0.0 %

MRO stock opened at GBX 667.40 ($8.43) on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 23.05. The firm has a 50 day simple moving average of GBX 609.88 and a 200-day simple moving average of GBX 548.22. The company has a market capitalization of £8.81 billion, a P/E ratio of -33,380.00, a PEG ratio of 0.49 and a beta of 1.59. Melrose Industries has a twelve month low of GBX 350.65 ($4.43) and a twelve month high of GBX 672.60 ($8.50).

Analyst Upgrades and Downgrades

Separately, Numis Securities reaffirmed an “add” rating and set a GBX 640 ($8.09) price target on shares of Melrose Industries in a research report on Friday, March 8th.

Insiders Place Their Bets

In related news, insider Matthew Gregory bought 16,670 shares of the stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of GBX 596 ($7.53) per share, with a total value of £99,353.20 ($125,556.93). 2.96% of the stock is owned by corporate insiders.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, engages in the aerospace, automotive, powder metallurgy, and other industrial businesses in the United Kingdom, rest of Europe, North America, and internationally. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms.