Victrex plc (LON:VCT) Plans Dividend of GBX 46.14

Victrex plc (LON:VCT) declared a dividend on Wednesday, December 3rd,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, January 23rd will be paid a dividend of GBX 46.14 ($0.57) per share on Friday, February 21st. This represents a yield of 5.26%. The ex-dividend date is Thursday, January 23rd. This is a positive change from Victrex’s previous dividend of $13.42. The official announcement can be accessed at this link.

Victrex Stock Performance

Shares of Victrex stock opened at GBX 1,054 ($13.00) on Tuesday. Victrex has a 12-month low of GBX 816 ($10.06) and a 12-month high of GBX 1,416.10 ($17.46). The company has a current ratio of 5.30, a quick ratio of 1.99 and a debt-to-equity ratio of 16.99. The stock has a market cap of £917.30 million, a PE ratio of 3,011.43, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. The company has a 50-day moving average of GBX 1,008.54 and a two-hundred day moving average of GBX 996.79.

Insider Buying and Selling

In other Victrex news, insider Brendan Connolly purchased 980 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average price of GBX 1,019 ($12.56) per share, for a total transaction of £9,986.20 ($12,313.44). Also, insider Ian Melling bought 2,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of GBX 1,135 ($14.00) per share, for a total transaction of £22,700 ($27,990.14). 1.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their target price on shares of Victrex from GBX 1,290 ($15.91) to GBX 1,170 ($14.43) and set a “hold” rating for the company in a report on Wednesday, December 4th.

About Victrex

Victrex plc, through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide. The company operates through two segments, Sustainable Solutions and Medical. It develops PEEK and PAEK based polymer solutions, and semi-finished and finished parts. The company also provides specialist solutions for medical device manufacturers; sells thermoplastic polymers; sustainable solutions for energy and industrial, VAR, automotive, aerospace, and electronics markets; and engages in trading activities.