Strix Group PLC (LON:KETL) Increases Dividend to GBX 4.70 Per Share

Strix Group PLC (LON:KETL) declared a dividend on Thursday, March 21st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 9th will be given a dividend of GBX 4.70 ($0.06) per share on Monday, June 3rd. This represents a dividend yield of 2.97%. The ex-dividend date is Thursday, May 9th. This is an increase from Strix Group’s previous dividend of $2.30. The official announcement can be viewed at this link.

Shares of Strix Group stock traded up GBX 4.60 ($0.06) during trading hours on Thursday, reaching GBX 163.20 ($2.13). The company’s stock had a trading volume of 766,441 shares. Strix Group has a one year low of GBX 128 ($1.67) and a one year high of GBX 182 ($2.38). The firm has a market capitalization of $307.80 million and a price-to-earnings ratio of 14.07.

KETL has been the topic of a number of recent analyst reports. Shore Capital reissued a “buy” rating on shares of Strix Group in a research report on Thursday, March 21st. Peel Hunt raised their price target on shares of Strix Group from GBX 170 ($2.22) to GBX 175 ($2.29) and gave the company a “buy” rating in a research report on Thursday, February 7th.

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About Strix Group

Strix Group Plc manufactures and sells kettle safety controls and other components worldwide. The company offers thermostatic controls, cordless interfaces, water jugs, and filters. It also provides water heating, temperature and steam-management devices, such as steam boilers, instant flow heaters, and turbo toasters.

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