Norcros plc (LON:NXR) Declares Dividend Increase – GBX 6.90 Per Share – Defense World

Norcros plc (LON:NXR – Get Rating) announced a dividend on Thursday, June 9th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 23rd will be paid a dividend of GBX 6.90 ($0.09) per share on Friday, July 29th. This represents a dividend yield of 2.76%. The ex-dividend date is Thursday, June 23rd. This is a boost from Norcros’s previous dividend of $3.10. The official announcement can be seen at this link.

Shares of Norcros stock opened at GBX 247 ($3.10) on Thursday. The firm has a market cap of £220.21 million and a PE ratio of 7.91. The firm’s 50-day simple moving average is GBX 242.96 and its 200-day simple moving average is GBX 276.63. The company has a debt-to-equity ratio of 29.59, a quick ratio of 0.91 and a current ratio of 1.78. Norcros has a 1 year low of GBX 211 ($2.64) and a 1 year high of GBX 351.32 ($4.40).

Separately, Shore Capital reaffirmed a “buy” rating on shares of Norcros in a research report on Thursday, May 12th.

Norcros Company Profile (Get Rating)

Norcros plc, together with its subsidiaries, designs, manufactures, and distributes bathroom and kitchen products in the United Kingdom and South Africa. The company manufactures and distributes electric, and mixer showers and accessories under the Triton brand name; shower enclosures and trays to the residential, commercial, and hospitality sectors under the Merlyn brand; taps, mixer showers, bathroom accessories, high end brassware, and valves under the Vado brand name; and accessories and furniture for the bathroom, such as toilet seats, wall-mounted cupboards, vanity units, shower rods, rails, and curtains to retail and trade customers under the Croydex brand name.

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