Victrex plc (LON:VCT) Declares Dividend of GBX 46.14

Victrex plc (LON:VCT) declared a dividend on Tuesday, December 3rd,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, January 23rd will be paid a dividend of GBX 46.14 ($0.58) per share on Friday, February 21st. This represents a dividend yield of 5.26%. The ex-dividend date is Thursday, January 23rd. This is a boost from Victrex’s previous dividend of $13.42. The official announcement can be seen at this link.

Victrex Price Performance

VCT stock traded up GBX 107.84 ($1.36) on Tuesday, hitting GBX 984.84 ($12.46). 264,400 shares of the company’s stock traded hands, compared to its average volume of 206,433. The stock has a market cap of £857.10 million, a price-to-earnings ratio of 2,820.56, a P/E/G ratio of 1.92 and a beta of 0.69. Victrex has a 1-year low of GBX 816 ($10.33) and a 1-year high of GBX 1,575 ($19.93). The company has a current ratio of 5.30, a quick ratio of 1.99 and a debt-to-equity ratio of 16.99. The stock has a fifty day moving average of GBX 888.82 and a 200-day moving average of GBX 1,037.78.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price objective on Victrex from GBX 1,491 ($18.87) to GBX 1,290 ($16.33) and set a “hold” rating for the company in a research note on Wednesday, August 28th.

Insider Buying and Selling at Victrex

In other Victrex news, insider Jane Toogood bought 508 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was acquired at an average price of GBX 937 ($11.86) per share, with a total value of £4,759.96 ($6,024.50). Also, insider Janet E. Ashdown purchased 2,103 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average cost of GBX 951 ($12.04) per share, for a total transaction of £19,999.53 ($25,312.66). Insiders own 1.64% of the company’s stock.

Victrex Company Profile

Victrex plc, through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide. The company operates through two segments, Sustainable Solutions and Medical. It develops PEEK and PAEK based polymer solutions, and semi-finished and finished parts. The company also provides specialist solutions for medical device manufacturers; sells thermoplastic polymers; sustainable solutions for energy and industrial, VAR, automotive, aerospace, and electronics markets; and engages in trading activities.