Elementis (LON:ELM) declared a dividend on Tuesday, February 27th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 3rd will be paid a dividend of GBX 4.35 ($0.06) per share on Friday, June 1st. This represents a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, May 3rd. This is a positive change from Elementis’s previous dividend of $2.05. The official announcement can be accessed at this link.

Shares of ELM traded up GBX 1 ($0.01) during trading hours on Friday, hitting GBX 286.40 ($3.99). The stock had a trading volume of 2,487,872 shares, compared to its average volume of 1,190,000. Elementis has a 12-month low of GBX 255.10 ($3.56) and a 12-month high of GBX 321.80 ($4.49).

In other Elementis news, insider Paul Waterman sold 93,173 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of GBX 311 ($4.34), for a total value of £289,768.03 ($404,139.51).

Several research analysts recently weighed in on the company. Numis Securities increased their target price on Elementis from GBX 335 ($4.67) to GBX 340 ($4.74) and gave the stock an “add” rating in a research report on Thursday. JPMorgan Chase reissued a “neutral” rating and issued a GBX 285 ($3.97) price objective on shares of Elementis in a research report on Wednesday, February 28th. Credit Suisse Group cut their price objective on Elementis from GBX 350 ($4.88) to GBX 340 ($4.74) and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Berenberg Bank reissued a “hold” rating and issued a GBX 315 ($4.39) price objective on shares of Elementis in a research report on Friday, March 2nd. Finally, Jefferies Group raised Elementis to a “buy” rating and raised their price objective for the company from GBX 280 ($3.91) to GBX 330 ($4.60) in a research report on Thursday, March 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Elementis presently has a consensus rating of “Buy” and an average price target of GBX 325 ($4.53).

Elementis Company Profile

Elementis plc manufactures and sells specialty chemicals in North and South America, Europe, and Asia. It operates through Specialty Products and Chromium segments. The Specialty Products segment offers functional additives to the personal care, coatings, and energy end markets, as well as oilfield and construction sectors.

Dividend History for Elementis (LON:ELM)

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