Zotefoams (LON:ZTF) Shares Up 10.1% After Dividend Announcement

Shares of Zotefoams plc (LON:ZTF) rose 10.1% on Wednesday following a dividend announcement from the company. The stock traded as high as GBX 299 ($3.88) and last traded at GBX 292.80 ($3.80). Approximately 556,915 shares changed hands during trading, an increase of 401% from the average daily volume of 111,145 shares. The stock had previously closed at GBX 266 ($3.45).

The newly announced dividend which will be paid on Monday, June 2nd. Investors of record on Thursday, May 1st will be paid a dividend of GBX 5.10 ($0.07) per share. This is an increase from Zotefoams’s previous dividend of $2.38. The ex-dividend date is Thursday, May 1st. This represents a yield of 1.92%. Zotefoams’s dividend payout ratio is presently 33.89%.

Zotefoams Trading Down 3.7 %

The company has a market cap of £138.04 million, a PE ratio of 13.89, a P/E/G ratio of 0.66 and a beta of 1.40. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 42.07. The stock’s 50 day moving average is GBX 290.40 and its 200-day moving average is GBX 342.90.

Zotefoams (LON:ZTF) last announced its earnings results on Tuesday, March 18th. The company reported GBX 25.95 ($0.34) earnings per share for the quarter. Zotefoams had a net margin of 7.45% and a return on equity of 8.42%.

Insider Activity

In related news, insider Ronan Cox purchased 3,204 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of GBX 310 ($4.02) per share, for a total transaction of £9,932.40 ($12,879.15). Insiders own 18.96% of the company’s stock.

About Zotefoams

Zotefoams plc, together with its subsidiaries, manufactures, distributes, and sells polyolefin block foams in the United Kingdom, rest of Europe, North America, and internationally. The company operates through Polyolefin Foams, High-Performance Products, and MuCell Extrusion LLC segments. It offers AZOTE, a polyolefin foam under the Plastazote, Evazote, and Supazote, AZOTE Adapt brands; and various high-performance foams manufactured from fluoropolymers, engineering polymers, and specialty elastomers under the ZOTEK brand; and Ecozote foam for plastic products that offers circularity and reduce reliance on fossil fuel-derived raw materials.