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

Melrose Industries PLC (LON:MRO) announced a dividend on Thursday, August 1st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 8th will be paid 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 is Thursday, August 8th. The official announcement can be accessed at this link.

Melrose Industries Trading Up 1.5 %

Shares of Melrose Industries stock opened at GBX 489.20 ($6.25) on Wednesday. Melrose Industries has a fifty-two week low of GBX 434.12 ($5.55) and a fifty-two week high of GBX 681.20 ($8.71). The company has a debt-to-equity ratio of 23.05, a quick ratio of 0.45 and a current ratio of 0.86. The company has a market capitalization of £6.36 billion, a P/E ratio of -30,060.00, a P/E/G ratio of 0.73 and a beta of 1.59. The company has a fifty day moving average of GBX 575.55 and a 200 day moving average of GBX 605.77.

Insider Transactions at Melrose Industries

In related news, insider Justin Dowley purchased 2,950 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were acquired at an average price of GBX 598 ($7.64) per share, for a total transaction of £17,641 ($22,544.41). In other news, insider Justin Dowley acquired 2,950 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of GBX 598 ($7.64) per share, with a total value of £17,641 ($22,544.41). Also, insider Matthew Gregory bought 9,740 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of GBX 510 ($6.52) per share, with a total value of £49,674 ($63,481.15). Over the last quarter, insiders have purchased 16,370 shares of company stock valued at $8,398,540. 0.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded Melrose Industries to an “outperform” rating and set a GBX 650 ($8.31) target price for the company in a research report on Monday, July 8th.

Melrose Industries Company Profile

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.