Royal Mail PLC (RMG) To Go Ex-Dividend on July 25th

Royal Mail PLC (LON:RMG) declared a dividend on Wednesday, May 22nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 25th will be given a dividend of GBX 17 ($0.22) per share on Wednesday, September 4th. This represents a dividend yield of 7.43%. The ex-dividend date of this dividend is Thursday, July 25th. This is a positive change from Royal Mail’s previous dividend of $8.00. The official announcement can be accessed at this link.

LON RMG opened at GBX 226.70 ($2.96) on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.82 and a debt-to-equity ratio of 12.04. The company has a market cap of $2.27 billion and a P/E ratio of 12.95. Royal Mail has a one year low of GBX 192 ($2.51) and a one year high of GBX 492.50 ($6.44). The firm’s 50 day moving average price is GBX 208.34.

In related news, insider Rico Back purchased 51,702 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average cost of GBX 199 ($2.60) per share, for a total transaction of £102,886.98 ($134,440.06). Over the last 90 days, insiders purchased 251,839 shares of company stock valued at $51,718,658.

A number of research analysts have recently commented on the company. Morgan Stanley set a $70.00 target price on Edison International and gave the company a “hold” rating in a research report on Monday, July 15th. Goldman Sachs Group downgraded SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. Jefferies Financial Group increased their target price on Wynn Resorts from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Liberum Capital raised their price target on Sigmaroc from GBX 59 ($0.77) to GBX 63 ($0.82) and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Credit Suisse Group set a €80.00 ($93.02) price target on Siltronic and gave the stock a “neutral” rating in a research report on Wednesday, May 29th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Royal Mail has a consensus rating of “Hold” and a consensus target price of GBX 250.46 ($3.27).

Royal Mail Company Profile

Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.

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