Mondi plc (LON:MNDI) Announces Dividend of €0.47

Mondi plc (LON:MNDI) declared a dividend on Thursday, February 20th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 3rd will be given a dividend of €0.47 ($0.51) per share on Friday, May 16th. This represents a yield of 3.14%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a 100.0% increase from Mondi’s previous dividend of $0.23. The official announcement can be accessed at this link.

Mondi Price Performance

Shares of LON:MNDI opened at GBX 1,165 ($15.05) on Tuesday. The stock has a market cap of £6.12 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.76 and a beta of 0.68. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14. Mondi has a 12 month low of GBX 1,134.50 ($14.66) and a 12 month high of GBX 1,618 ($20.90). The stock’s 50 day moving average price is GBX 1,242.59 and its 200 day moving average price is GBX 1,262.55.

Analyst Upgrades and Downgrades

Separately, Citigroup cut their price objective on Mondi from GBX 1,600 ($20.67) to GBX 1,550 ($20.03) and set a “buy” rating for the company in a report on Tuesday, February 25th.

Insider Transactions at Mondi

In other news, insider Andrew King sold 35,509 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of GBX 1,222 ($15.79), for a total transaction of £433,919.98 ($560,620.13). Insiders have acquired 62 shares of company stock valued at $76,374 in the last quarter. Insiders own 1.36% of the company’s stock.

Mondi Company Profile

Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, Australia, and internationally. The company operates in three segments: Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper.