Melrose Industries PLC (MRO) to Issue Dividend of GBX 4 on May 9th

Melrose Industries PLC (LON:MRO) announced a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Stockholders 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 of this dividend 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 Performance

Shares of LON:MRO traded up GBX 6.60 ($0.09) during mid-day trading on Tuesday, reaching GBX 527.60 ($6.82). 4,204,930 shares of the company traded hands, compared to its average volume of 17,960,879. The company’s 50 day moving average price is GBX 588.49 and its 200-day moving average price is GBX 533.31. The firm has a market cap of £6.82 billion, a PE ratio of -178.44, a PEG ratio of 0.48 and a beta of 1.51. Melrose Industries has a 52 week low of GBX 413.58 ($5.34) and a 52 week high of GBX 682.60 ($8.82). The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45.

Melrose Industries (LON:MRO) last released 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%. On average, equities analysts expect that Melrose Industries will post 33.9741641 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at Melrose Industries

In other news, insider Matthew Gregory purchased 36,869 shares of the business’s stock in a transaction on Monday, March 24th. The stock was acquired at an average price of GBX 528 ($6.82) per share, for a total transaction of £194,668.32 ($251,541.96). 1.00% of the stock is currently owned by 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.