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Porvair plc (LON:PRV) Declares Dividend Increase - GBX 4.20 Per Share

Porvair logo with Industrials background

Porvair plc (LON:PRV - Get Free Report) declared a dividend on Monday, February 10th, DividendData.Co.Uk reports. Stockholders of record on Thursday, May 1st will be paid a dividend of GBX 4.20 ($0.06) per share on Wednesday, June 4th. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, May 1st. This is a 100.0% increase from Porvair's previous dividend of $2.10. The official announcement can be accessed at this link.

Porvair Stock Up 1.9 %

Shares of Porvair stock traded up GBX 14 ($0.19) on Thursday, hitting GBX 754 ($10.02). 105,099 shares of the company traded hands, compared to its average volume of 71,469. Porvair has a 12-month low of GBX 602 ($8.00) and a 12-month high of GBX 768 ($10.20). The company has a quick ratio of 1.22, a current ratio of 1.83 and a debt-to-equity ratio of 19.67. The company has a market cap of £344.99 million, a PE ratio of 22.35 and a beta of 0.76. The company has a 50-day moving average price of GBX 694.14 and a 200 day moving average price of GBX 684.54.

Porvair (LON:PRV - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported GBX 38.60 ($0.51) EPS for the quarter. Porvair had a return on equity of 10.75% and a net margin of 8.57%. Sell-side analysts predict that Porvair will post 39.0358613 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Ben Stocks sold 70,000 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of GBX 716 ($9.51), for a total value of £501,200 ($665,869.54). Company insiders own 21.55% of the company's stock.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "hold" rating on shares of Porvair in a research note on Tuesday, April 15th.

Check Out Our Latest Stock Analysis on Porvair

Porvair Company Profile

(Get Free Report)

Porvair plc engages in the filtration, laboratory, and environmental technology business. It operates through three segments: Aerospace & Industrial, Laboratory, and Metal Melt Quality. The Aerospace & Industrial segment designs and manufactures a range of specialist filtration equipment for aerospace, energy, and industrial applications.

Further Reading

Dividend History for Porvair (LON:PRV)

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