Flowtech Fluidpower PLC (FLO) Announces Dividend Increase – GBX 4.04 Per Share

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Flowtech Fluidpower PLC (LON:FLO) announced a dividend on Tuesday, April 16th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 6th will be paid a dividend of GBX 4.04 ($0.05) per share on Friday, July 12th. This represents a dividend yield of 3.45%. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change from Flowtech Fluidpower’s previous dividend of $2.03. The official announcement can be accessed at this link.

Shares of FLO opened at GBX 117.25 ($1.53) on Wednesday. The stock has a market cap of $74.48 million and a PE ratio of 11.50. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 22.85. Flowtech Fluidpower has a 12-month low of GBX 97 ($1.27) and a 12-month high of GBX 195 ($2.55).

A number of analysts have recently issued reports on the company. FinnCap reiterated a “corporate” rating on shares of Flowtech Fluidpower in a research report on Tuesday. Shore Capital reiterated a “buy” rating on shares of Flowtech Fluidpower in a research report on Tuesday.

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Flowtech Fluidpower Company Profile

Flowtech Fluidpower plc, together with its subsidiaries, distributes hydraulic and pneumatic fluid power products in the United Kingdom, Ireland, Benelux, and internationally. The company operates through three segments: Flowtechnology, Power Motion Control, and Process. It offers hydraulic rubber and thermoplastic hose assembly kits, hydraulic cylinders and semi-rotary actuators, bespoke hydraulic power units and packs, purification and filtration systems, manipulated pipes and individual machined components, specialist valves and actuation equipment, safety pipework, transfer pumps, breather valves and instrumentals, and mobile systems, as well as various industrial, pneumatic, and hydraulic components.

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Dividend History for Flowtech Fluidpower (LON:FLO)

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