Connect Group PLC (CNCT) Declares Dividend Increase – GBX 6.50 Per Share
Connect Group PLC (LON:CNCT) declared a dividend on Tuesday, October 18th. Shareholders of record on Thursday, January 12th will be given a dividend of GBX 6.50 ($0.08) per share on Friday, February 10th. This represents a yield of 4.63%. The ex-dividend date is Thursday, January 12th. This is an increase from Connect Group PLC’s previous dividend of $3.00. The official announcement can be viewed at this link.
Connect Group PLC (LON:CNCT) traded down 0.35% on Tuesday, reaching GBX 140.50. The company’s stock had a trading volume of 356,071 shares. Connect Group PLC has a 52-week low of GBX 129.75 and a 52-week high of GBX 175.00. The stock’s market cap is GBX 340.85 million. The firm’s 50-day moving average price is GBX 157.82 and its 200-day moving average price is GBX 156.23.
A number of research analysts have recently commented on the company. FinnCap reiterated a “buy” rating on shares of Connect Group PLC in a research note on Tuesday. Peel Hunt reiterated a “buy” rating and issued a GBX 180 ($2.19) price target on shares of Connect Group PLC in a research note on Tuesday. Liberum Capital reiterated a “buy” rating and issued a GBX 170 ($2.07) price target on shares of Connect Group PLC in a research note on Thursday, September 15th. Finally, JPMorgan Chase & Co. dropped their price target on Connect Group PLC from GBX 185 ($2.25) to GBX 181 ($2.21) and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Six equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of GBX 186.40 ($2.27).
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About Connect Group PLC
Connect Group PLC, formerly Smiths News Plc, is a United Kingdom-based distribution company. The Company’s segments include Connect News & Media: News Distribution (also referred as Smiths News); Connect News & Media: Media (Dawson Media Direct (DMD)); Connect Books (Bertrams, Dawson Books and Wordery); Connect Education and Care (The Consortium), and Connect Parcel Freight (Tuffnells).
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