RHI Magnesita (LON:RHIM) Increases Dividend to €1.00 Per Share

RHI Magnesita (LON:RHIMGet Rating) declared a dividend on Monday, February 28th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 26th will be given a dividend of €1.00 ($1.06) per share on Tuesday, June 14th. This represents a dividend yield of 2.79%. The ex-dividend date of this dividend is Thursday, May 26th. This is an increase from RHI Magnesita’s previous dividend of $0.50. The official announcement can be viewed at this link.

RHIM stock opened at GBX 2,486 ($31.28) on Tuesday. RHI Magnesita has a twelve month low of GBX 2,182 ($27.46) and a twelve month high of GBX 4,748 ($59.75). The company has a market cap of £1.17 billion and a PE ratio of 5.87. The business’s 50-day simple moving average is GBX 2,431.60 and its 200 day simple moving average is GBX 2,941.49. The company has a quick ratio of 0.97, a current ratio of 1.79 and a debt-to-equity ratio of 195.11.

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 3,300 ($41.53) target price on shares of RHI Magnesita in a research report on Wednesday, April 13th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,000 ($50.33) price objective on shares of RHI Magnesita in a report on Thursday, April 14th. Finally, Barclays decreased their price objective on RHI Magnesita from GBX 3,840 ($48.32) to GBX 3,100 ($39.01) and set an “overweight” rating on the stock in a report on Wednesday, March 30th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 4,183.33 ($52.64).

RHI Magnesita Company Profile (Get Rating)

RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide. It offers magnesia spinel, dolomite, dolomite-magnesia, magnesia-chrome, alumina, alumina silicate, and mortars for the cement industry; shaped products based on silicon carbide, magnesia, zirconium, fireclay, and alumina; unshaped refractories; and high-temperature insulation, and ceramic and metallic anchoring systems.

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Dividend History for RHI Magnesita (LON:RHIM)

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