Volex plc (LON:VLX) increases dividend to GBX 2.40 per share
Volex plc (LON:VLX – Get a rating) declared a dividend on Thursday, June 23, Next.Co.Uk reports. Investors of record on Thursday, July 21 will receive a dividend of GBX 2.40 ($0.03) per share on Friday, August 26. This represents a dividend yield of 1.01%. The ex-dividend date for this dividend is Thursday, July 21. This is a positive change from Volex’s previous dividend of $1.20. The official announcement is available at this link.
Shares of VLX rose 13 GBX ($0.16) during Friday trading hours, hitting 238 GBX ($2.92). 1,384,156 shares were traded, against an average volume of 529,076. Volex has a 12-month low of 209 GBX ($2.56) and a 12-month high of 494.70 GBX ($6.06 ). The company has a current ratio of 1.56, a quick ratio of 0.95 and a debt ratio of 31.46. The company’s 50-day rolling average price is 255.67 GBX and its 200-day rolling average price is 278.69 GBX. The company has a market capitalization of £377.75 million and a price to earnings ratio of 11.72.
VLX has been the subject of a number of research analyst reports. Canaccord Genuity Group lowered its price target on Volex shares from GBX 510 ($6.25) to GBX 440 ($5.39) and set a “buy” rating for the company in a report from the Thursday April 21. Shore Capital reiterated an “unrated” rating on Volex shares in a report Thursday.
In other Volex news, insider Nathaniel Rothschild bought 5,000 shares of Volex in a trade dated Tuesday, May 17. The share was acquired at an average price of 245 GBX ($3.00) per share, for a total transaction of £12,250 ($15,004.90).
About Volex (Get a rating)
Volex plc manufactures and supplies electrical products and cable assemblies in North America, Europe and Asia. The company designs, manufactures and sells power cords, duck heads and related products to manufacturers of a range of electrical and electronic devices and appliances for use in laptops, PCs, tablets, printers, televisions, game consoles, power tools, kitchen appliances. , and electric and autonomous vehicles.
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