Stelrad Group PLC (LON:SRAD) Increases Dividend to GBX 4.81 Per Share

Stelrad Group PLC (LON:SRAD) announced a dividend on Friday, March 7th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 24th will be paid a dividend of GBX 4.81 ($0.06) per share on Tuesday, May 27th. This represents a yield of 3.63%. The ex-dividend date is Thursday, April 24th. This is a 61.4% increase from Stelrad Group’s previous dividend of $2.98. The official announcement can be accessed at this link.

Stelrad Group Trading Down 1.6 %

Shares of LON SRAD opened at GBX 135.80 ($1.82) on Tuesday. Stelrad Group has a fifty-two week low of GBX 109 ($1.46) and a fifty-two week high of GBX 158 ($2.11). The company has a debt-to-equity ratio of 167.32, a quick ratio of 0.76 and a current ratio of 1.64. The company has a market cap of £180.41 million, a price-to-earnings ratio of 11.67 and a beta of 0.25. The business’s 50 day moving average price is GBX 136.15 and its 200-day moving average price is GBX 140.63.

Stelrad Group (LON:SRAD) last released its earnings results on Friday, March 7th. The company reported GBX 13.05 ($0.17) earnings per share for the quarter. Stelrad Group had a return on equity of 28.08% and a net margin of 5.25%. On average, sell-side analysts expect that Stelrad Group will post 14.9369544 earnings per share for the current year.

Insider Transactions at Stelrad Group

In other news, insider Katherine Innes Ker acquired 7,015 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was purchased at an average cost of GBX 143 ($1.91) per share, for a total transaction of £10,031.45 ($13,423.59). Corporate insiders own 64.35% of the company’s stock.

Stelrad Group Company Profile

Stelrad is a leading specialist manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey, selling an extensive range of standard and premium steel panel radiators, low surface temperature radiators, towel warmers, decorative steel tubular radiators and other steel “column” radiators.