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Royal Mail PLC (LON:RMG) declared a dividend on Wednesday, May 22nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 25th will be paid a dividend of GBX 17 ($0.22) per share on Wednesday, September 4th. This represents a 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.
Shares of Royal Mail stock opened at GBX 225.90 ($2.95) on Wednesday. The stock has a market capitalization of $2.26 billion and a price-to-earnings ratio of 12.91. Royal Mail has a 52 week low of GBX 192 ($2.51) and a 52 week high of GBX 492.50 ($6.44). The company has a debt-to-equity ratio of 12.04, a current ratio of 0.82 and a quick ratio of 0.73. The company has a 50 day moving average of GBX 208.96.
In other Royal Mail news, insider Rico Back bought 51,702 shares of the stock in a transaction dated Tuesday, June 4th. The shares were acquired 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 have bought 251,839 shares of company stock worth $51,718,658.
Several brokerages have commented on RMG. Credit Suisse Group set a €80.00 ($93.02) price target on shares of Siltronic and gave the company a “neutral” rating in a research note on Wednesday, May 29th. Deutsche Bank raised their target price on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Goldman Sachs Group lowered shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. Societe Generale upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. assumed coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, June 4th. They set an “overweight” rating on the stock. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target 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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