Volex plc (LON:VLX) Plans Dividend of GBX 2.80

Volex plc (LON:VLX) declared a dividend on Wednesday, June 26th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 25th will be given a dividend of GBX 2.80 ($0.04) per share on Friday, August 30th. This represents a yield of 0.79%. The ex-dividend date of this dividend is Thursday, July 25th. This is an increase from Volex’s previous dividend of $1.40. The official announcement can be viewed at this link.

Volex Price Performance

Volex stock opened at GBX 327.87 ($4.16) on Friday. Volex has a 52-week low of GBX 264.50 ($3.36) and a 52-week high of GBX 365 ($4.63). The firm has a fifty day moving average of GBX 339.03 and a 200-day moving average of GBX 314.10. The firm has a market capitalization of £595.48 million, a P/E ratio of 2,059.38 and a beta of 0.96. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 70.82.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 400 ($5.07) price objective on shares of Volex in a research report on Wednesday, June 12th.

Volex Company Profile

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords.