RHI Magnesita (LON:RHIM) Increases Dividend to €1.20 Per Share

RHI Magnesita (LON:RHIM - Get Free Report) announced a dividend on Thursday, February 27th, DividendData.Co.Uk reports. Stockholders of record on Thursday, May 22nd will be given a dividend of €1.20 ($1.35) per share on Thursday, June 12th. This represents a dividend yield of 3%. The ex-dividend date is Thursday, May 22nd. This is a 100.0% increase from RHI Magnesita's previous dividend of $0.60. The official announcement can be viewed at this link.

RHI Magnesita Price Performance

LON RHIM opened at GBX 3,095 ($41.34) on Tuesday. RHI Magnesita has a 52 week low of GBX 2,425 ($32.39) and a 52 week high of GBX 3,885 ($51.89). The firm has a market capitalization of £1.76 billion, a P/E ratio of 9.70, a PEG ratio of 2.03 and a beta of 1.53. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 152.96. The company has a 50-day moving average price of GBX 3,095.88 and a 200-day moving average price of GBX 3,257.03.

Insiders Place Their Bets

In related news, insider Stefan Borgas sold 3,740 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of GBX 2,985 ($39.87), for a total transaction of £111,639 ($149,110.46). Insiders sold 18,802 shares of company stock worth $58,937,810 in the last three months. 42.23% of the stock is owned by company insiders.

RHI Magnesita Company Profile

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 22,000 employees in 47 main production sites, 9 recycling facilities and more than 70 sales offices.

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