By Frank Prenesti
Date: Wednesday 18 Aug 2021
LONDON (ShareCast) - (Sharecast News) - Industrial valve maker Rotork on Wednesday said it was buying back up to £50m of its shares.
The company said the first tranche of the buyback - up to £20m - would start on Thursday and end no later than September 30.
"Consistent with our capital allocation policy, the board has decided to return a prudent level of cash to shareholders while retaining a strong balance sheet," the company said in a statement, adding that its strong cash position "provides us with considerable financial flexibility".
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Currency | UK Pounds |
Share Price | 316.20p |
Change Today | -0.40p |
% Change | -0.13 % |
52 Week High | 342.20 |
52 Week Low | 281.00 |
Volume | 702,049 |
Shares Issued | 859.13m |
Market Cap | £2,716.57m |
RiskGrade | 137 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 5 |
Buy | 3 |
Neutral | 8 |
Sell | 1 |
Strong Sell | 0 |
Total | 17 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 18-Apr-24 | 17-Aug-23 |
Paid | 24-May-24 | 22-Sep-23 |
Amount | 4.65p | 2.55p |
Time | Volume / Share Price |
16:37 | 4,616 @ 316.20p |
16:35 | 123 @ 316.20p |
16:35 | 441,814 @ 316.20p |
16:35 | 1 @ 316.20p |
16:35 | 1,436 @ 316.20p |
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