Low & Bonar (LWB) Announces Dividend Increase – GBX 2 Per Share

Low & Bonar (LON:LWB) announced a dividend on Wednesday, January 31st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, March 22nd will be paid a dividend of GBX 2 ($0.03) per share on Thursday, April 19th. This represents a dividend yield of 3.33%. The ex-dividend date is Thursday, March 22nd. This is a positive change from Low & Bonar’s previous dividend of $1.05. The official announcement can be accessed at this link.

LWB stock traded up GBX 0.10 ($0.00) during mid-day trading on Thursday, hitting GBX 56.30 ($0.80). The company had a trading volume of 85,514 shares, compared to its average volume of 420,530. Low & Bonar has a 12-month low of GBX 52 ($0.73) and a 12-month high of GBX 91 ($1.29).

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In related news, insider Martin Flower purchased 50,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was acquired at an average price of GBX 62 ($0.88) per share, with a total value of £31,000 ($43,816.25).

LWB has been the topic of a number of recent analyst reports. Peel Hunt reissued a “buy” rating and issued a GBX 80 ($1.13) price objective on shares of Low & Bonar in a research report on Tuesday, February 6th. Berenberg Bank restated a “hold” rating and issued a GBX 60 ($0.85) target price on shares of Low & Bonar in a research note on Wednesday, March 21st.

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Low & Bonar Company Profile

Low & Bonar PLC manufactures and supplies technical textiles worldwide. The company operates through Building & Industrial, Civil Engineering, Coated Technical Textiles, and Interior & Transportation. The Building & Industrial unit supplies a range of technical textile solutions for various applications in the building, roofing, and air and water filtration.

Dividend History for Low & Bonar (LON:LWB)

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