Avon Protection (LON:AVON) Sets New 12-Month High After Dividend Announcement

Avon Protection plc (LON:AVON) reached a new 52-week high during trading on Wednesday following a dividend announcement from the company. The company traded as high as GBX 1,450 ($18.35) and last traded at GBX 1,358 ($17.18), with a volume of 47238 shares trading hands. The stock had previously closed at GBX 1,378 ($17.44).

The newly announced dividend which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 6th will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, February 6th. This is a boost from Avon Protection’s previous dividend of $0.07. This represents a dividend yield of 0.97%. Avon Protection’s payout ratio is currently -3,913.04%.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “hold” rating on shares of Avon Protection in a research report on Tuesday.

Avon Protection Price Performance

The company has a quick ratio of 0.85, a current ratio of 2.47 and a debt-to-equity ratio of 61.54. The firm has a market cap of £407.40 million, a P/E ratio of -2,952.17, a PEG ratio of 1.85 and a beta of 0.35. The company has a 50 day moving average of GBX 1,241.70 and a two-hundred day moving average of GBX 1,268.16.

Avon Protection Company Profile

Avon Protection plc provides respiratory, chemical, biological, radiological, and nuclear and head protection solutions for military and first responder agencies in the United Kingdom, Europe, and the United States. The company offers respiratory products, including respirators, filters, powered and supplied air, escape hoods, underwater systems, and thermal image camera, and CBRN protective wear, as well as spares and accessories.