Mitie Group PLC (LON:MTO) Raises Dividend to GBX 2.67 Per Share

Mitie Group PLC (LON:MTO) declared a dividend on Thursday, June 6th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 27th will be given a dividend of GBX 2.67 ($0.03) per share on Friday, August 9th. This represents a dividend yield of 1.82%. The ex-dividend date is Thursday, June 27th. This is a positive change from Mitie Group’s previous dividend of $1.33. The official announcement can be accessed at this link.

MTO stock opened at GBX 146.30 ($1.91) on Friday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 134,150.00. The firm has a market capitalization of $541.61 million and a price-to-earnings ratio of 17.21. Mitie Group has a 12 month low of GBX 105.80 ($1.38) and a 12 month high of GBX 184.70 ($2.41). The company’s 50 day simple moving average is GBX 147.96.

Several equities research analysts recently commented on the stock. UBS Group upped their price target on shares of Mitie Group from GBX 135 ($1.76) to GBX 160 ($2.09) and gave the company a “neutral” rating in a research report on Thursday, June 20th. Liberum Capital restated a “buy” rating on shares of Mitie Group in a research report on Thursday, June 13th. Peel Hunt restated a “hold” rating on shares of Mitie Group in a research report on Monday, June 3rd. Numis Securities reiterated a “hold” rating on shares of Mitie Group in a research note on Friday, June 7th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 285 ($3.72) price objective on shares of Mitie Group in a research note on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 204.33 ($2.67).

About Mitie Group

Mitie Group plc, through its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. It offers engineering services, such as technical and building maintenance services, as well as offers specialist services, such as heating, cooling, lighting, water treatment, and building controls; and security services and products, including security personnel, emergency mobile response solutions, and fire and security systems.

Featured Article: What does a bar chart mean for investors?

Dividend History for Mitie Group (LON:MTO)

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