M.P. Evans Group PLC (LON:MPE) Increases Dividend to GBX 37.50 Per Share

M.P. Evans Group PLC (LON:MPE) declared a dividend on Tuesday, March 25th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 24th will be paid a dividend of GBX 37.50 ($0.49) per share on Thursday, June 19th. This represents a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 150.0% increase from M.P. Evans Group’s previous dividend of $15.00. The official announcement can be viewed at this link.

M.P. Evans Group Stock Performance

MPE stock traded down GBX 15 ($0.19) during midday trading on Wednesday, reaching GBX 1,015 ($13.14). 109,238 shares of the company’s stock traded hands, compared to its average volume of 53,405. The stock’s 50-day moving average is GBX 1,025.68 and its 200 day moving average is GBX 971.15. The stock has a market cap of £658.86 million, a P/E ratio of 10.23 and a beta of 0.69. M.P. Evans Group has a 52-week low of GBX 776 ($10.05) and a 52-week high of GBX 1,130 ($14.63). The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.89.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their target price on M.P. Evans Group from GBX 1,350 ($17.48) to GBX 1,400 ($18.13) and gave the company a “buy” rating in a research report on Tuesday, January 21st.

About M.P. Evans Group

M.P. Evans Group PLC is a responsible producer of certified sustainable crude palm oil (“CPO”), with plantations in five Indonesian provinces: Aceh, Bangka Belitung, East Kalimantan, North Sumatra and South Sumatra.

Headquartered in the UK, the Group’s shares are traded on the London Stock Exchange’s Alternative Investment Market (“AIM”).