Melrose Industries PLC (LON:MRO) Announces Dividend Increase – GBX 4 Per Share

Melrose Industries PLC (LON:MRO) declared a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be paid a dividend of GBX 4 ($0.05) per share on Friday, May 9th. This represents a dividend yield of 0.75%. The ex-dividend date is Thursday, March 27th. This is a 100.0% increase from Melrose Industries’s previous dividend of $2.00. The official announcement can be seen at this link.

Melrose Industries Stock Up 1.3 %

Shares of LON:MRO opened at GBX 527.60 ($6.82) on Tuesday. Melrose Industries has a 1 year low of GBX 413.58 ($5.34) and a 1 year high of GBX 682.60 ($8.82). The stock has a 50-day simple moving average of GBX 588.49 and a 200-day simple moving average of GBX 533.31. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The stock has a market capitalization of £6.82 billion, a P/E ratio of -178.44, a PEG ratio of 0.48 and a beta of 1.51.

Melrose Industries (LON:MRO) last posted its earnings results on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. Equities analysts forecast that Melrose Industries will post 33.9741641 earnings per share for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 850 ($10.98) price target on shares of Melrose Industries in a research report on Thursday, January 23rd.

Insider Buying and Selling at Melrose Industries

In other Melrose Industries news, insider Matthew Gregory bought 36,869 shares of the business’s stock in a transaction on Monday, March 24th. The shares were bought at an average cost of GBX 528 ($6.82) per share, with a total value of £194,668.32 ($251,541.96). 1.00% of the stock is currently owned by corporate insiders.

About Melrose Industries

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.