Royal Mail PLC (LON:RMG) announced 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 dividend yield of 7.43%. The ex-dividend date 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.
Royal Mail stock traded down GBX 6.50 ($0.08) on Thursday, reaching GBX 188.40 ($2.46). 5,545,142 shares of the stock were exchanged, compared to its average volume of 5,850,000. The firm has a market cap of $1.88 billion and a PE ratio of 10.77. The company has a debt-to-equity ratio of 12.04, a quick ratio of 0.73 and a current ratio of 0.82. Royal Mail has a twelve month low of GBX 192 ($2.51) and a twelve month high of GBX 492.50 ($6.44). The company’s fifty day moving average is GBX 212.11.
In other Royal Mail news, insider Rico Back bought 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of GBX 207 ($2.70) per share, with a total value of £414,000 ($540,964.33). In the last ninety days, insiders purchased 251,796 shares of company stock valued at $51,708,553.
A number of analysts recently weighed in on the stock. Deutsche Bank reissued a “sell” rating on shares of Royal Mail in a research note on Friday, July 12th. Societe Generale raised shares of Royal Mail to a “hold” rating and decreased their price objective for the stock from GBX 235 ($3.07) to GBX 208 ($2.72) in a research note on Friday, June 14th. HSBC cut shares of Royal Mail to a “hold” rating and decreased their price objective for the stock from GBX 300 ($3.92) to GBX 216 ($2.82) in a research note on Friday, June 7th. Berenberg Bank reissued a “hold” rating and set a GBX 240 ($3.14) price target on shares of Royal Mail in a research note on Thursday, June 20th. Finally, JPMorgan Chase & Co. raised shares of Royal Mail to a “neutral” rating and increased their price target for the company from GBX 241 ($3.15) to GBX 252 ($3.29) in a research note on Tuesday, June 4th. 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. The stock currently has a consensus 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.
Further Reading: Return on Equity (ROE)
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