River and Mercantile Group PLC (RIV) Announces GBX 3.40 Dividend
River and Mercantile Group PLC (LON:RIV) announced a dividend on Tuesday, October 11th. Shareholders of record on Thursday, October 20th will be paid a dividend of GBX 3.40 ($0.04) per share on Friday, November 11th. This represents a dividend yield of 1.52%. The ex-dividend date is Thursday, October 20th. The official announcement can be viewed at this link.
Shares of River and Mercantile Group PLC (LON:RIV) traded up 0.67% during mid-day trading on Tuesday, hitting GBX 224.00. 5,965 shares of the company’s stock traded hands. The stock’s market cap is GBX 183.89 million. River and Mercantile Group PLC has a 1-year low of GBX 173.50 and a 1-year high of GBX 283.00. The stock has a 50 day moving average price of GBX 220.67 and a 200-day moving average price of GBX 220.67.
A number of research analysts have recently issued reports on RIV shares. Numis Securities Ltd restated an “add” rating and issued a GBX 235 ($2.91) price target on shares of River and Mercantile Group PLC in a research report on Friday, September 2nd. Canaccord Genuity downgraded shares of River and Mercantile Group PLC to a “hold” rating and reduced their price target for the stock from GBX 307 ($3.80) to GBX 235 ($2.91) in a research report on Tuesday, June 14th.
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In related news, insider Berry,Jack sold 587 shares of River and Mercantile Group PLC stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of GBX 225 ($2.78), for a total value of £1,320.75 ($1,634.59).
River and Mercantile Group PLC Company Profile
River and Mercantile Group PLC, is a United Kingdom-based company engaged in advisory and asset management business with a range of services, from consulting and advisory to fully-delegated fiduciary and fund management. The Company’s services includes: Advisory Division that provides advisory services to the United Kingdom defined benefit pension schemes, the United Kingdom defined contribution schemes, the United States pension schemes and insurance firms.
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