RHI Magnesita (LON:RHIM) Insider Stefan Borgas Sells 9,464 Shares

RHI Magnesita (LON:RHIM) insider Stefan Borgas sold 9,464 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of GBX 3,235 ($41.87), for a total value of £306,160.40 ($396,272.84).

RHI Magnesita Price Performance

RHIM stock opened at GBX 3,180 ($41.16) on Friday. RHI Magnesita has a 52-week low of GBX 3,010 ($38.96) and a 52-week high of GBX 3,885 ($50.28). The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 152.96. The stock has a market cap of £1.81 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The business has a fifty day moving average of GBX 3,507.74 and a two-hundred day moving average of GBX 3,331.90.

RHI Magnesita Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 22nd will be given a dividend of €1.20 ($1.30) per share. This represents a dividend yield of 3%. This is an increase from RHI Magnesita’s previous dividend of $0.60. The ex-dividend date of this dividend is Thursday, May 22nd. RHI Magnesita’s dividend payout ratio (DPR) is presently 48.91%.

RHI Magnesita Company Profile

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 22,000 employees in 47 main production sites, 9 recycling facilities and more than 70 sales offices.