Luceco PLC (LON:LUCE) Increases Dividend to GBX 3.20 Per Share
Luceco PLC (LON:LUCE) announced a dividend on Tuesday, September 8th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 17th will be given a dividend of GBX 3.20 ($0.04) per share on Friday, October 23rd. This represents a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, September 17th. This is a positive change from Luceco’s previous dividend of $0.60. The official announcement can be accessed at this link.
Shares of LUCE stock opened at GBX 208.50 ($2.72) on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.95 and a debt-to-equity ratio of 41.42. The company has a market capitalization of $335.27 million and a P/E ratio of 20.85. Luceco has a 12-month low of GBX 39 ($0.51) and a 12-month high of GBX 199.20 ($2.60). The firm has a 50-day moving average price of GBX 168.26 and a 200 day moving average price of GBX 113.89.
LUCE has been the subject of a number of recent analyst reports. Peel Hunt raised their price target on Luceco from GBX 103 ($1.35) to GBX 135 ($1.76) and gave the company an “add” rating in a report on Monday, July 13th. Liberum Capital raised their target price on Luceco from GBX 220 ($2.87) to GBX 230 ($3.01) and gave the company a “buy” rating in a research note on Monday, September 7th.
Luceco plc manufactures and distributes various light emitting diode (LED) lighting products and wiring accessories in the United Kingdom, Europe, the Middle East, the Americas, the Asia Pacific, and Africa. It operates through four segments: Wiring Accessories, Portable Power, LED Lighting, and Ross and Other.
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