Melrose Industries PLC (LON:MRO) to Issue Dividend of GBX 2

Melrose Industries PLC (LON:MRO) declared a dividend on Thursday, August 1st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 8th will be given a dividend of GBX 2 ($0.03) per share on Monday, September 16th. This represents a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, August 8th. The official announcement can be seen at this link.

Melrose Industries Stock Down 8.4 %

MRO opened at GBX 539.20 ($6.94) on Thursday. The company has a fifty day moving average price of GBX 587.19 and a 200-day moving average price of GBX 608.39. The firm has a market capitalization of £7.01 billion, a P/E ratio of -30,060.00, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. The company has a debt-to-equity ratio of 23.05, a current ratio of 0.86 and a quick ratio of 0.45. Melrose Industries has a one year low of GBX 445.40 ($5.73) and a one year high of GBX 681.20 ($8.76).

Insiders Place Their Bets

In other Melrose Industries news, insider Justin Dowley purchased 2,950 shares of the business’s stock in a transaction on Monday, May 13th. The stock was acquired at an average cost of GBX 598 ($7.69) per share, for a total transaction of £17,641 ($22,692.31). 0.99% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised shares of Melrose Industries to an “outperform” rating and set a GBX 650 ($8.36) price objective for the company in a report on Monday, July 8th.

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.