Dun & Bradstreet Corp. (DNB) Announces $0.48 Quarterly Dividend
Dun & Bradstreet Corp. (NYSE:DNB) announced a quarterly dividend on Wednesday, October 19th. Shareholders of record on Wednesday, November 23rd will be paid a dividend of 0.4825 per share on Friday, December 9th. This represents a $1.93 dividend on an annualized basis and a yield of 1.54%.
Shares of Dun & Bradstreet Corp. (NYSE:DNB) opened at 125.71 on Wednesday. The firm’s 50-day moving average price is $133.48 and its 200-day moving average price is $125.96. Dun & Bradstreet Corp. has a one year low of $85.99 and a one year high of $141.57. The firm has a market cap of $4.56 billion, a PE ratio of 24.83 and a beta of 1.32.
Dun & Bradstreet Corp. (NYSE:DNB) last issued its earnings results on Monday, August 1st. The company reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.19. Dun & Bradstreet Corp. had a negative return on equity of 23.87% and a net margin of 10.99%. The company earned $389.80 million during the quarter, compared to the consensus estimate of $394.84 million. During the same period in the previous year, the firm posted $1.25 earnings per share. Dun & Bradstreet Corp.’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities research analysts expect that Dun & Bradstreet Corp. will post $7.40 earnings per share for the current fiscal year.
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In other news, CFO Richard H. Veldran sold 29,158 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $139.58, for a total transaction of $4,069,873.64. Following the sale, the chief financial officer now directly owns 15,367 shares of the company’s stock, valued at $2,144,925.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christie Hill sold 15,883 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $139.00, for a total transaction of $2,207,737.00. Following the sale, the insider now directly owns 17,333 shares in the company, valued at $2,409,287. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Deere & Co. bought a new stake in Dun & Bradstreet Corp. during the second quarter valued at approximately $204,000. BOKF NA bought a new stake in Dun & Bradstreet Corp. during the second quarter valued at approximately $205,000. Jane Street Group LLC bought a new stake in Dun & Bradstreet Corp. during the second quarter valued at approximately $216,000. Pacer Advisors Inc. boosted its stake in Dun & Bradstreet Corp. by 506.2% in the second quarter. Pacer Advisors Inc. now owns 3,419 shares of the company’s stock valued at $417,000 after buying an additional 2,855 shares during the period. Finally, Pacad Investment Ltd. boosted its stake in Dun & Bradstreet Corp. by 54.5% in the second quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock valued at $621,000 after buying an additional 1,800 shares during the period. 92.26% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have commented on DNB shares. Zacks Investment Research upgraded Dun & Bradstreet Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, August 4th. Barclays PLC boosted their price objective on Dun & Bradstreet Corp. from $100.00 to $125.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 3rd. Finally, William Blair reiterated a “market perform” rating on shares of Dun & Bradstreet Corp. in a research report on Monday. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Dun & Bradstreet Corp. presently has a consensus rating of “Hold” and an average target price of $122.50.
About Dun & Bradstreet Corp.
The Dun & Bradstreet Corporation is the source of commercial data, analytics and insight on businesses. The Company operates through two segments: Americas, which consists of its operations in the United States, Canada and Latin America, and Non-Americas, which consists of its operations in the United Kingdom, the Netherlands, Belgium, Greater China and India.
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