Pendragon Declares Dividend of GBX 0.30 (PDG)
Pendragon (LON:PDG) announced a dividend on Wednesday, February 19th, StockRatingsNetwork.com reports. Shareholders of record on Wednesday, April 23rd will be paid a dividend of GBX 0.30 ($0.01) per share on Thursday, May 8th. This represents a dividend yield of 0.88%. The ex-dividend date is Wednesday, April 23rd. The official announcement can be accessed at this link.
A number of research firms have recently commented on PDG. Analysts at Beaufort Securities reiterated a “hold” rating on shares of Pendragon in a research note on Wednesday. On a related note, analysts at Jefferies Group reiterated a “buy” rating on shares of Pendragon in a research note on Tuesday. They now have a GBX 47 ($0.79) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “hold” rating on shares of Pendragon in a research note on Wednesday, February 12th. They now have a GBX 35 ($0.59) price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Pendragon has an average rating of “Hold” and an average target price of GBX 33.17 ($0.56).
Pendragon (LON:PDG) traded up 4.62% on Wednesday, hitting GBX 34.00. 633,037 shares of the company’s stock traded hands. Pendragon has a 52-week low of GBX 20.555 and a 52-week high of GBX 41.75. The stock has a 50-day moving average of GBX 35.08 and a 200-day moving average of GBX 34.73. The company’s market cap is £482.4 million.
Pendragon PLC is an automotive retailer with 235 worldwide franchise points. It operates in seven segments: Stratstone, which is a prestige motor car retailer with 93 franchise points, including Aston Martin, BMW, Ferrari, Honda, Jaguar, Land Rover, Lotus, Maserati, Mercedes-Benz, MINI, Porsche and Smart; Evans Halshaw, which is a motor car retailer with 125 franchise points, including Chevrolet, Citroen, Ford, Hyundai, Kia, Nissan, Peugeot, Renault and Vauxhall; Chatfields, which is a commercial vans and trucks retailer with eight franchise points, including DAF, Ford, Nissan and Renault; California, which is a prestige brands of Aston Martin, Land Rover and Jaguar with nine franchise points in Southern California; Leasing, which is a fleet leasing and contract hire solutions in the United Kingdom; Quickco, which has independent parts wholesale business, and Pinewood, which is a in-house software company that supplies dealer management systems.
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