Marshalls plc (LON:MSLH) Declares Dividend Increase – GBX 5.40 Per Share

Marshalls plc (LON:MSLH) declared a dividend on Monday, March 17th, DividendData.Co.Uk reports. Stockholders of record on Thursday, June 5th will be given a dividend of GBX 5.40 ($0.07) per share on Tuesday, July 1st. This represents a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, June 5th. This is a 107.7% increase from Marshalls’s previous dividend of $2.60. The official announcement can be viewed at this link.

Marshalls Price Performance

Marshalls stock opened at GBX 239 ($3.11) on Wednesday. The business has a fifty day moving average of GBX 250.08 and a two-hundred day moving average of GBX 297.38. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 33.19. The firm has a market cap of £601.21 million, a P/E ratio of 27.91, a P/E/G ratio of 0.17 and a beta of 1.26. Marshalls has a twelve month low of GBX 229 ($2.98) and a twelve month high of GBX 366 ($4.76).

Marshalls (LON:MSLH) last announced its quarterly earnings results on Tuesday, March 18th. The company reported GBX 16 ($0.21) earnings per share for the quarter. Marshalls had a return on equity of 3.32% and a net margin of 3.46%. On average, analysts forecast that Marshalls will post 18.2342758 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Simon Bourne sold 14,048 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of GBX 237 ($3.08), for a total value of £33,293.76 ($43,283.62). Also, insider Justin Lockwood acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average cost of GBX 232 ($3.02) per share, with a total value of £11,600 ($15,080.60). 2.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 420 ($5.46) price target on shares of Marshalls in a research note on Wednesday, January 22nd.

About Marshalls

Established in the late 1880s, Marshalls plc is a leading UK manufacturer of sustainable solutions for the built environment. It operates through three trading divisions: Landscape Products; Roofing Products; and Building Products. At a Group, divisional and brand level, Marshalls’ strategy centres around its customers who value its unique set of capabilities, namely leading brands, best in class technical and design support and carbon leadership.