Elementis plc (LON:ELM) Announces Dividend Increase - $0.03 Per Share

Elementis plc (LON:ELM - Get Free Report) announced a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 1st will be given a dividend of $0.03 per share on Friday, May 30th. This represents a yield of 1.53%. The ex-dividend date of this dividend is Thursday, May 1st. This is a 163.6% increase from Elementis's previous dividend of $0.01. The official announcement can be seen at this link.

Elementis Trading Up 0.5 %

LON:ELM opened at GBX 129 ($1.73) on Tuesday. The company has a debt-to-equity ratio of 37.85, a current ratio of 2.04 and a quick ratio of 1.16. Elementis has a fifty-two week low of GBX 109.60 ($1.47) and a fifty-two week high of GBX 169.80 ($2.28). The stock's 50-day moving average is GBX 136.23 and its two-hundred day moving average is GBX 140.58. The stock has a market cap of £952.34 million, a PE ratio of -27.37, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 170 ($2.28) target price on shares of Elementis in a research note on Thursday, January 2nd.

About Elementis

Elementis plc operates as a specialty chemical company in the United Kingdom, rest of Europe, North America, and internationally. It operates in two segments, Performance Specialties and Personal Care. The Performance Specialties segment engages in the production of rheological modifiers and additives for decorative and industrial coatings; and production and supply of talc for use in plastics, coatings, technical ceramics, and paper sectors.

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