Porvair plc Announces Dividend of GBX 2.10 (LON:PRV)

Porvair plc (LON:PRV) declared a dividend on Monday, July 1st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 18th will be given a dividend of GBX 2.10 ($0.03) per share on Wednesday, August 21st. This represents a dividend yield of 0.32%. The ex-dividend date of this dividend is Thursday, July 18th. The official announcement can be accessed at this link.

Porvair Stock Performance

LON:PRV opened at GBX 652.32 ($8.27) on Monday. The company has a debt-to-equity ratio of 11.52, a current ratio of 2.22 and a quick ratio of 1.22. The firm has a market cap of £302.41 million, a price-to-earnings ratio of 1,840.23 and a beta of 0.76. The firm’s fifty day moving average price is GBX 657.60 and its 200 day moving average price is GBX 641.56. Porvair has a 1-year low of GBX 522 ($6.62) and a 1-year high of GBX 745.70 ($9.46).

Insider Transactions at Porvair

In related news, insider James Mills acquired 4,250 shares of Porvair stock in a transaction that occurred on Friday, April 19th. The stock was purchased at an average price of GBX 620 ($7.87) per share, for a total transaction of £26,350 ($33,426.36). Corporate insiders own 22.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PRV. Shore Capital reiterated a “hold” rating on shares of Porvair in a research note on Tuesday, April 16th. Berenberg Bank initiated coverage on Porvair in a report on Thursday, May 16th. They issued a “buy” rating and a GBX 800 ($10.15) price target for the company.

Porvair Company Profile

Porvair plc engages in the filtration, laboratory, and environmental technology business. It operates through three segments: Aerospace & Industrial, Laboratory, and Metal Melt Quality. The Aerospace & Industrial segment designs and manufactures a range of specialist filtration equipment for aerospace, energy, and industrial applications.