Melrose Industries PLC (MRO) To Go Ex-Dividend on March 27th

Melrose Industries PLC (LON:MRO) declared a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be paid a dividend of GBX 4 ($0.05) per share on Friday, May 9th. This represents a yield of 0.75%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 100.0% increase from Melrose Industries’s previous dividend of $2.00. The official announcement can be viewed at this link.

Melrose Industries Price Performance

Shares of MRO opened at GBX 527.60 ($6.82) on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. The firm’s fifty day simple moving average is GBX 588.49 and its 200-day simple moving average is GBX 533.31. The firm has a market capitalization of £6.82 billion, a price-to-earnings ratio of -178.44, a PEG ratio of 0.48 and a beta of 1.51. Melrose Industries has a twelve month low of GBX 413.58 ($5.34) and a twelve month high of GBX 682.60 ($8.82).

Melrose Industries (LON:MRO) last released its quarterly earnings results on Thursday, March 6th. The company reported GBX 26.80 ($0.35) EPS for the quarter. Melrose Industries had a negative return on equity of 1.18% and a negative net margin of 1.13%. Equities analysts forecast that Melrose Industries will post 33.9741641 EPS for the current fiscal year.

Insider Buying and Selling at Melrose Industries

In other Melrose Industries news, insider Matthew Gregory bought 36,869 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average cost of GBX 528 ($6.82) per share, for a total transaction of £194,668.32 ($251,541.96). 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 850 ($10.98) price target on shares of Melrose Industries in a report on Thursday, January 23rd.

About Melrose Industries

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.