TI Fluid Systems (LON:TIFS) Trading Up 13% After Dividend Announcement

TI Fluid Systems plc (LON:TIFS)’s share price was up 13% on Thursday after the company announced a dividend. The company traded as high as GBX 127.01 ($1.62) and last traded at GBX 126.55 ($1.62). Approximately 793,702 shares were traded during trading, a decline of 4% from the average daily volume of 828,368 shares. The stock had previously closed at GBX 112 ($1.43).

The newly announced dividend which will be paid on Friday, September 13th. Investors of record on Thursday, August 15th will be issued a €0.02 ($0.03) dividend. This represents a yield of 1.84%. The ex-dividend date is Thursday, August 15th. TI Fluid Systems’s dividend payout ratio is currently 4,285.71%.

TI Fluid Systems Trading Up 0.2 %

The firm has a fifty day moving average of GBX 130.81 and a 200-day moving average of GBX 141.39. The firm has a market cap of £644.30 million, a P/E ratio of 910.00, a P/E/G ratio of 0.40 and a beta of 1.25. The company has a debt-to-equity ratio of 171.85, a quick ratio of 1.54 and a current ratio of 1.86.

About TI Fluid Systems

TI Fluid Systems plc designs, manufactures, and sells thermal and fluid system solutions in Europe, Africa, the Asia Pacific, North America, and Latin America. It operates in two segments, Fluid Carrying Systems (FCS), and Fuel Tank and Delivery Systems (FTDS). The FCS segment offers brake and fuel lines and bundles; thermal management fluid systems, including HEV and BEV heating and cooling lines; and powertrain components and quick connectors.