Smiths Group plc (LON:SMIN) Announces Dividend Increase – GBX 36 Per Share

Smiths Group plc (LON:SMIN) declared a dividend on Tuesday, March 25th, Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, April 10th will be paid a dividend of GBX 36 ($0.47) per share on Thursday, April 17th. This represents a dividend yield of 0.71%. The ex-dividend date is Thursday, April 10th. This is a 19.2% increase from Smiths Group’s previous dividend of $30.20. The official announcement can be viewed at this link.

Smiths Group Stock Down 1.1 %

SMIN stock opened at GBX 1,998 ($25.87) on Wednesday. The business’s 50 day simple moving average is GBX 1,985.63 and its 200 day simple moving average is GBX 1,802.37. Smiths Group has a 1-year low of GBX 1,514.66 ($19.61) and a 1-year high of GBX 2,188 ($28.33). The firm has a market capitalization of £6.81 billion, a PE ratio of 27.76, a PEG ratio of 0.35 and a beta of 0.66. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.55.

Smiths Group (LON:SMIN) last issued its quarterly earnings data on Tuesday, March 25th. The company reported GBX 55.50 ($0.72) earnings per share for the quarter. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%. As a group, research analysts anticipate that Smiths Group will post 85.1295337 EPS for the current year.

Insiders Place Their Bets

In other news, insider Richard Howes acquired 87 shares of the stock in a transaction on Monday, February 3rd. The shares were purchased at an average price of GBX 2,030 ($26.28) per share, for a total transaction of £1,766.10 ($2,286.51). Company insiders own 0.61% of the company’s stock.

Smiths Group Company Profile

Smiths Group plc operates as an industrial technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.