IMI plc (IMI) To Go Ex-Dividend on April 3rd

IMI plc (LON:IMI) declared a dividend on Friday, February 28th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 3rd will be paid a dividend of GBX 21.10 ($0.27) per share on Friday, May 16th. This represents a yield of 1.04%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a 111.0% increase from IMI’s previous dividend of $10.00. The official announcement can be seen at this link.

IMI Stock Up 0.1 %

Shares of LON IMI opened at GBX 1,888 ($24.39) on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. The company’s fifty day simple moving average is GBX 1,959.67 and its 200 day simple moving average is GBX 1,855.65. The firm has a market cap of £4.79 billion, a PE ratio of 19.35, a P/E/G ratio of 1.12 and a beta of 1.08. IMI has a 12-month low of GBX 1,630 ($21.06) and a 12-month high of GBX 2,090 ($27.00).

IMI (LON:IMI) last posted its quarterly earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.58) earnings per share for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. As a group, sell-side analysts forecast that IMI will post 137.9737609 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their target price on IMI from GBX 2,250 ($29.07) to GBX 2,400 ($31.01) and gave the stock an “outperform” rating in a report on Monday, March 3rd.

Insider Activity

In related news, insider Roy Twite sold 49,259 shares of IMI stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of GBX 1,962 ($25.35), for a total transaction of £966,461.58 ($1,248,658.37). Insiders acquired 22 shares of company stock worth $42,388 over the last three months. 1.52% of the stock is currently owned by insiders.

IMI Company Profile

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.