Zotefoams plc (LON:ZTF) Raises Dividend to GBX 5.10 Per Share

Zotefoams plc (LON:ZTF) announced a dividend on Tuesday, March 18th, DividendData.Co.Uk reports. Investors of record on Thursday, May 1st will be paid a dividend of GBX 5.10 ($0.07) per share on Monday, June 2nd. This represents a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, May 1st. This is a 114.3% increase from Zotefoams’s previous dividend of $2.38. The official announcement can be accessed at this link.

Zotefoams Trading Up 2.9 %

Shares of LON ZTF opened at GBX 273.80 ($3.56) on Wednesday. The stock has a market cap of £131.69 million, a price-to-earnings ratio of 13.26, a PEG ratio of 0.66 and a beta of 1.40. The business has a 50 day simple moving average of GBX 290.38 and a 200 day simple moving average of GBX 343.61. Zotefoams has a 52 week low of GBX 255 ($3.32) and a 52 week high of GBX 595.20 ($7.74). The company has a debt-to-equity ratio of 42.07, a quick ratio of 0.67 and a current ratio of 1.30.

Zotefoams (LON:ZTF) last announced its earnings results on Tuesday, March 18th. The company reported GBX 25.95 ($0.34) earnings per share (EPS) for the quarter. Zotefoams had a return on equity of 8.42% and a net margin of 7.45%.

Insiders Place Their Bets

In related news, insider Ronan Cox bought 3,204 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of GBX 310 ($4.03) per share, with a total value of £9,932.40 ($12,912.64). Company insiders own 18.96% of the company’s stock.

About Zotefoams

Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polyolefin block foams in the United Kingdom, rest of Europe, North America, and internationally. The company operates through Polyolefin Foams, High-Performance Products, and MuCell Extrusion LLC segments. It offers AZOTE, a polyolefin foam under the Plastazote, Evazote, and Supazote, AZOTE Adapt brands; and various high-performance foams manufactured from fluoropolymers, engineering polymers, and specialty elastomers under the ZOTEK brand; and Ecozote foam for plastic products that offers circularity and reduce reliance on fossil fuel-derived raw materials.