IMI plc (LON:IMI) Increases Dividend to GBX 21.10 Per Share

IMI plc (LON:IMI) announced a dividend on Friday, February 28th, DividendData.Co.Uk reports. Investors of record on Thursday, April 3rd will be given a dividend of GBX 21.10 ($0.27) per share on Friday, May 16th. This represents a yield of 1.04%. The ex-dividend date is Thursday, April 3rd. This is a 111.0% increase from IMI’s previous dividend of $10.00. The official announcement can be seen at this link.

IMI Price Performance

LON:IMI opened at GBX 1,885 ($24.35) on Tuesday. IMI has a 52-week low of GBX 1,630 ($21.06) and a 52-week high of GBX 2,090 ($27.00). The stock has a fifty day moving average of GBX 1,959.67 and a 200 day moving average of GBX 1,855.65. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. The firm has a market capitalization of £4.78 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.12 and a beta of 1.08.

IMI (LON:IMI) last released its quarterly earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.58) earnings per share for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. On average, research analysts expect that IMI will post 137.9737609 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their target price on shares of IMI from GBX 2,250 ($29.07) to GBX 2,400 ($31.01) and gave the company an “outperform” rating in a research report on Monday, March 3rd.

Insider Buying and Selling

In related news, insider Roy Twite sold 49,259 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of GBX 1,962 ($25.35), for a total value of £966,461.58 ($1,248,658.37). Over the last ninety days, insiders purchased 22 shares of company stock worth $42,388. Corporate insiders own 1.52% of the company’s stock.

About IMI

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.