Laclede Group Inc. (LG) Plans Quarterly Dividend of $0.44
Laclede Group (NYSE:LG) declared a quarterly dividend on Thursday, January 30th, AnalystRatings.NET reports. Stockholders of record on Tuesday, March 11th will be given a dividend of 0.44 per share on Wednesday, April 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 3.91%.
On a related note, analysts at Hilliard Lyons upgraded shares of Laclede Group from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $48.67.
Laclede Group (NYSE:LG) last issued its quarterly earnings data on Tuesday, November 26th. The company reported ($0.17) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.09) by $0.08. The company had revenue of $147.10 million for the quarter, compared to the consensus estimate of $154.76 million. During the same quarter last year, the company posted ($0.03) earnings per share. Laclede Group’s revenue was down 13.2% compared to the same quarter last year.
The Laclede Group, Inc (NYSE:LG) is a utility holding company.
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