Marks and Spencer Group Plc (MKS) Raises Dividend to GBX 7.10 Per Share
Marks and Spencer Group Plc (LON:MKS) announced a dividend on Wednesday, May 22nd, Upcoming.Co.Uk reports. Investors of record on Thursday, May 30th will be given a dividend of GBX 7.10 ($0.09) per share by the retailer on Friday, July 12th. This represents a yield of 2.62%. The ex-dividend date is Thursday, May 30th. This is a boost from Marks and Spencer Group’s previous dividend of $6.80. The official announcement can be seen at this link.
LON MKS opened at GBX 251 ($3.28) on Wednesday. Marks and Spencer Group has a 12-month low of GBX 240 ($3.14) and a 12-month high of GBX 316.60 ($4.14). The company has a debt-to-equity ratio of 62.77, a current ratio of 0.73 and a quick ratio of 0.26. The firm has a market capitalization of $4.07 billion and a P/E ratio of 139.44.
Several analysts recently issued reports on MKS shares. Peel Hunt reissued a “buy” rating on shares of Marks and Spencer Group in a research report on Wednesday, February 27th. Citigroup reissued a “buy” rating and issued a GBX 330 ($4.31) price target on shares of Marks and Spencer Group in a research report on Monday, May 13th. Jefferies Financial Group downgraded shares of Marks and Spencer Group to a “hold” rating and reduced their price target for the company from GBX 310 ($4.05) to GBX 280 ($3.66) in a research report on Tuesday, April 9th. UBS Group reissued a “neutral” rating on shares of Marks and Spencer Group in a research report on Friday, May 17th. Finally, Barclays reduced their price target on shares of Marks and Spencer Group from GBX 370 ($4.83) to GBX 335 ($4.38) and set an “overweight” rating for the company in a research report on Tuesday, March 5th. Seven equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 275.38 ($3.60).
About Marks and Spencer Group
Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.
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