RHI Magnesita NV (LON:RHIM) Announces Dividend of €1.50

RHI Magnesita NV (LON:RHIM) declared a dividend on Wednesday, March 27th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 13th will be paid a dividend of €1.50 ($1.74) per share on Wednesday, July 3rd. This represents a dividend yield of 2.87%. The ex-dividend date is Thursday, June 13th. This is a boost from RHI Magnesita’s previous dividend of $0.75. The official announcement can be viewed at this link.

Shares of LON:RHIM opened at GBX 4,694 ($61.34) on Wednesday. The company has a debt-to-equity ratio of 132.58, a current ratio of 1.48 and a quick ratio of 0.87. The stock has a market capitalization of $2.34 billion and a P/E ratio of 60.80. RHI Magnesita has a 52 week low of GBX 3,240 ($42.34) and a 52 week high of GBX 5,165 ($67.49).

RHIM has been the subject of a number of research reports. Peel Hunt reiterated a “buy” rating on shares of RHI Magnesita in a research report on Friday, March 15th. Barclays reaffirmed an “overweight” rating on shares of RHI Magnesita in a research note on Wednesday, April 3rd. Berenberg Bank boosted their price objective on shares of RHI Magnesita from GBX 5,450 ($71.21) to GBX 5,620 ($73.44) and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Numis Securities reissued a “hold” rating on shares of RHI Magnesita in a research note on Thursday, May 30th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 5,956.67 ($77.83).

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About RHI Magnesita

RHI Magnesita N.V. produces and sells refractory products used in high-temperature industrial processes worldwide. The company operates through Steel and Industrial segments. It offers solutions for various furnaces, domes and deltas, ladles, AOD converters, valves and valve seats, caps and plugs, isostatic refractory products, tundish materials, and slide gate refractories and systems.

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