Volex plc (VLX) To Go Ex-Dividend on July 25th

Volex plc (LON:VLX) announced a dividend on Wednesday, June 26th, Upcoming.Co.Uk reports. Investors of record on Thursday, July 25th will be given a dividend of GBX 2.80 ($0.04) per share on Friday, August 30th. This represents a yield of 0.79%. The ex-dividend date is Thursday, July 25th. This is an increase from Volex’s previous dividend of $1.40. The official announcement can be viewed at this link.

Volex Stock Performance

LON:VLX opened at GBX 327.87 ($4.16) on Friday. The company has a fifty day simple moving average of GBX 339.03 and a two-hundred day simple moving average of GBX 314.10. The company has a market cap of £595.48 million, a price-to-earnings ratio of 2,059.38 and a beta of 0.96. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 70.82. Volex has a 52 week low of GBX 264.50 ($3.36) and a 52 week high of GBX 365 ($4.63).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 400 ($5.07) price target on shares of Volex in a research note on Wednesday, June 12th.

About Volex

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords.