IMI plc (LON:IMI) Declares Dividend Increase – GBX 19.20 Per Share

IMI plc (LON:IMI) announced a dividend on Friday, March 1st, Upcoming.Co.Uk reports. Investors of record on Thursday, April 4th will be paid a dividend of GBX 19.20 ($0.24) per share on Friday, May 17th. This represents a yield of 1.11%. The ex-dividend date is Thursday, April 4th. This is a positive change from IMI’s previous dividend of $9.10. The official announcement can be accessed at this link.

IMI Trading Down 1.3 %

Shares of IMI stock opened at GBX 1,802 ($22.62) on Wednesday. IMI has a 12-month low of GBX 1,413 ($17.74) and a 12-month high of GBX 1,838 ($23.07). The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 72.33. The firm’s 50 day moving average is GBX 1,748.21 and its 200 day moving average is GBX 1,629.64. The stock has a market capitalization of £4.71 billion, a P/E ratio of 1,948.39, a P/E/G ratio of 1.12 and a beta of 1.13.

Insider Buying and Selling at IMI

In other IMI news, insider Roy Twite sold 57,067 shares of IMI stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of GBX 1,819 ($22.83), for a total value of £1,038,048.73 ($1,303,099.08). 1.41% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

IMI has been the topic of several research reports. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,850 ($23.22) target price on shares of IMI in a report on Thursday, December 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 2,150 ($26.99) price target on shares of IMI in a research report on Thursday, February 29th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 1,950 ($24.48) price objective on shares of IMI in a research report on Monday, March 4th.

About IMI

IMI plc, a specialist engineering company, designs and manufactures engineering products in the United Kingdom, Germany, rest of Europe, the United States of America, rest of the Americas, China, rest of Asia Pacific, the Middle East, and Africa. It operates through IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering segments.