Norcros plc (LON:NXR) Plans Dividend Increase – GBX 6.80 Per Share

Norcros plc (LON:NXR) declared a dividend on Thursday, June 13th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 27th will be paid a dividend of GBX 6.80 ($0.09) per share on Friday, August 2nd. This represents a yield of 3.29%. The ex-dividend date is Thursday, June 27th. This is an increase from Norcros’s previous dividend of $3.40. The official announcement can be viewed at this link.

Norcros Price Performance

Shares of Norcros stock traded up GBX 0.50 ($0.01) on Wednesday, hitting GBX 232.50 ($2.95). The company’s stock had a trading volume of 1,227,718 shares, compared to its average volume of 110,033. Norcros has a 52-week low of GBX 134 ($1.70) and a 52-week high of GBX 237 ($3.01). The company has a quick ratio of 0.91, a current ratio of 2.10 and a debt-to-equity ratio of 47.99. The firm has a fifty day moving average price of GBX 206.82 and a 200-day moving average price of GBX 192.82. The company has a market capitalization of £208.32 million, a P/E ratio of 1,450.00 and a beta of 1.42.

Analyst Upgrades and Downgrades

NXR has been the topic of several recent research reports. Numis Securities reiterated a “buy” rating and issued a GBX 315 ($4.00) price objective on shares of Norcros in a research report on Thursday, April 11th. Berenberg Bank restated a “buy” rating and issued a GBX 325 ($4.12) target price on shares of Norcros in a report on Thursday, April 11th. Finally, Shore Capital restated a “buy” rating on shares of Norcros in a report on Thursday, June 13th.

Insider Buying and Selling

In other news, insider Stefan Allanson acquired 11,305 shares of Norcros stock in a transaction that occurred on Tuesday, June 18th. The shares were purchased at an average cost of GBX 210 ($2.66) per share, for a total transaction of £23,740.50 ($30,116.07). 10.60% of the stock is currently owned by company insiders.

About Norcros

Norcros plc, together with its subsidiaries, develops, manufactures, and markets bathroom and kitchen products in the United Kingdom and South Africa. The company manufactures and distributes electric and mixer showers, and accessories under the Triton brand; shower enclosures and trays to the residential, commercial, and hospitality sectors under the Merlyn brand; taps, mixer showers, bathroom accessories, and valves under the Vado brand; and accessories and furniture for the bathroom, such as toilet seats, wall-mounted cupboards, vanity units, shower rods, rails, and curtains to retail and trade customers under the Croydex brand.