Flowtech Fluidpower PLC (FLO) to Issue Dividend of GBX 1.93 on October 24th

Flowtech Fluidpower PLC (LON:FLO) declared a dividend on Tuesday, September 12th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 28th will be given a dividend of GBX 1.93 ($0.03) per share on Tuesday, October 24th. This represents a dividend yield of 1.42%. The ex-dividend date is Thursday, September 28th. The official announcement can be accessed at this link.

Flowtech Fluidpower PLC (LON FLO) traded up 5.28% on Friday, reaching GBX 152.00. 20,123 shares of the company were exchanged. The stock has a 50 day moving average of GBX 137.77 and a 200 day moving average of GBX 139.84. The firm’s market capitalization is GBX 72.05 million. Flowtech Fluidpower PLC has a 12-month low of GBX 111.00 and a 12-month high of GBX 157.23.

Separately, FinnCap upped their price target on shares of Flowtech Fluidpower PLC from GBX 182 ($2.45) to GBX 192 ($2.59) and gave the stock a “corporate” rating in a research report on Friday, September 8th.

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About Flowtech Fluidpower PLC

Flowtech Fluidpower plc is a United Kingdom-based distributor of technical fluid power products. The Company operates through two divisions: Flowtechnology, which is geographically split into Flowtechnology UK (FTUK) and Flowtechnology Benelux (FTB), and Power Motion Control (PMC). FTUK and FTB focus on supplying distributors and resellers of industrial maintenance, repair and operation (MRO) products, primarily serving urgent orders rather than bulk offerings.

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