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

Shares of Zotefoams plc (LON:ZTF) shot up 10.1% during trading on Wednesday after the company announced a dividend. The company traded as high as GBX 299 ($3.88) and last traded at GBX 292.80 ($3.80). 556,915 shares changed hands during mid-day trading, an increase of 401% from the average session 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. Shareholders of record on Thursday, May 1st will be given a GBX 5.10 ($0.07) dividend. This is a positive change from Zotefoams’s previous dividend of $2.38. This represents a dividend yield of 1.92%. The ex-dividend date is Thursday, May 1st. Zotefoams’s dividend payout ratio is presently 33.89%.

Zotefoams Price Performance

The firm’s fifty day moving average price is GBX 290.40 and its 200 day moving average price is GBX 342.90. 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 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.

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

Insider Transactions at Zotefoams

In other Zotefoams news, insider Ronan Cox purchased 3,204 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of GBX 310 ($4.02) per share, with a total value 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.