Royal Mail PLC (LON:RMG) Plans Dividend of GBX 17

Royal Mail PLC (LON:RMG) announced a dividend on Wednesday, May 22nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share on Wednesday, September 4th. This represents a yield of 7.43%. The ex-dividend date of this dividend is Thursday, July 25th. This is a positive change from Royal Mail’s previous dividend of $8.00. The official announcement can be accessed at this link.

Shares of RMG traded up GBX 4.40 ($0.06) during mid-day trading on Friday, hitting GBX 199.95 ($2.61). The company’s stock had a trading volume of 5,119,009 shares, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.78. The stock has a market capitalization of $2.00 billion and a P/E ratio of 11.43. Royal Mail has a 1-year low of GBX 192 ($2.51) and a 1-year high of GBX 515.80 ($6.74).

Several equities analysts recently weighed in on the company. Liberum Capital reaffirmed a “sell” rating and issued a GBX 240 ($3.14) price objective on shares of Royal Mail in a research note on Wednesday, May 22nd. Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Mail in a research report on Monday. Jefferies Financial Group reduced their target price on Royal Mail from GBX 220 ($2.87) to GBX 170 ($2.22) and set an “underperform” rating on the stock in a report on Monday, June 3rd. HSBC cut Royal Mail to a “hold” rating and reduced their price objective for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a research note on Friday, June 7th. Finally, JPMorgan Chase & Co. upgraded Royal Mail to a “neutral” rating and boosted their price objective for the stock from GBX 241 ($3.15) to GBX 252 ($3.29) in a research note on Tuesday, June 4th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 250.46 ($3.27).

In other news, insider Rico Back acquired 51,702 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average cost of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). Over the last three months, insiders purchased 251,745 shares of company stock valued at $51,698,803.

ILLEGAL ACTIVITY WARNING: “Royal Mail PLC (LON:RMG) Plans Dividend of GBX 17” was originally published by Rockland Register and is the sole property of of Rockland Register. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://rocklandregister.com/2019/06/14/royal-mail-plc-rmg-raises-dividend-to-gbx-17-per-share.html.

About Royal Mail

Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.

Featured Article: Dividend

Dividend History for Royal Mail (LON:RMG)

Receive News & Ratings for Royal Mail Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Mail and related companies with MarketBeat.com's FREE daily email newsletter.