Royal Mail PLC (RMG) to Issue Dividend of GBX 17 on September 4th

Royal Mail PLC (LON:RMG) declared a dividend on Wednesday, May 22nd, Upcoming.Co.Uk reports. Investors 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 yield of 7.43%. The ex-dividend date of this dividend is Thursday, July 25th. This is a boost from Royal Mail’s previous dividend of $8.00. The official announcement can be seen at this link.

LON RMG opened at GBX 226.70 ($2.96) on Tuesday. The company has a 50 day simple moving average of GBX 208.34. Royal Mail has a 12-month low of GBX 192 ($2.51) and a 12-month high of GBX 492.50 ($6.44). The company has a current ratio of 0.82, a quick ratio of 0.73 and a debt-to-equity ratio of 12.04. The company has a market capitalization of $2.27 billion and a price-to-earnings ratio of 12.95.

In other news, insider Rico Back purchased 51,702 shares of the stock in a transaction on Tuesday, June 4th. The shares were acquired at an average price of GBX 199 ($2.60) per share, with a total value of £102,886.98 ($134,440.06). In the last three months, insiders purchased 251,839 shares of company stock worth $51,718,658.

A number of research firms recently weighed in on RMG. JPMorgan Chase & Co. began coverage on shares of INTL CONS AIRL/S in a report on Tuesday, June 4th. They set an “overweight” rating on the stock. Liberum Capital upped their target price on shares of Sigmaroc from GBX 59 ($0.77) to GBX 63 ($0.82) and gave the stock a “buy” rating in a report on Thursday, July 18th. HSBC reaffirmed a “hold” rating on shares of Royal Mail in a report on Friday, June 7th. Barclays reaffirmed a “hold” rating and set a $102.00 target price on shares of Cboe Global Markets in a report on Friday, July 12th. Finally, Deutsche Bank upped their target price on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average 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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