Jet2 plc (JET2) to Issue Dividend of GBX 10.70 on October 23rd

Jet2 plc (LON:JET2) declared a dividend on Thursday, July 11th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 19th will be given a dividend of GBX 10.70 ($0.14) per share on Wednesday, October 23rd. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, September 19th. This is a boost from Jet2’s previous dividend of $4.00. The official announcement can be seen at this link.

Jet2 Stock Up 0.4 %

Jet2 stock opened at GBX 1,412 ($18.65) on Tuesday. The stock has a market capitalization of £3.03 billion, a PE ratio of 827.06, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. Jet2 has a twelve month low of GBX 960 ($12.68) and a twelve month high of GBX 1,568 ($20.71). The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30. The company has a 50 day moving average of GBX 1,393.31 and a 200-day moving average of GBX 1,382.58.

Insiders Place Their Bets

In related news, insider Robin Terrell acquired 8,557 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were bought at an average cost of GBX 1,388 ($18.34) per share, with a total value of £118,771.16 ($156,897.17). In other Jet2 news, insider Robin Terrell purchased 8,557 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average cost of GBX 1,388 ($18.34) per share, for a total transaction of £118,771.16 ($156,897.17). Also, insider Rachel Kentleton purchased 1,801 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average price of GBX 1,403 ($18.53) per share, for a total transaction of £25,268.03 ($33,379.17). Insiders own 17.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,800 ($23.78) price objective on shares of Jet2 in a research report on Friday, July 12th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,000 ($26.42) price objective on shares of Jet2 in a research report on Monday, July 15th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,900 ($25.10) price objective on shares of Jet2 in a research report on Thursday, July 11th.

About Jet2

Jet2 plc, together with its subsidiaries, engages in the leisure travel business primarily in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the package holiday and non-ticket retail activities, as well as passenger and charter aircraft operations.