Electrocomponents plc (ECM) Declares Dividend of GBX 7.30
Electrocomponents plc (LON:ECM) announced a dividend on Tuesday, May 23rd. Stockholders of record on Thursday, June 15th will be given a dividend of GBX 7.30 ($0.09) per share on Wednesday, July 26th. This represents a dividend yield of 1.33%. The ex-dividend date is Thursday, June 15th. This is an increase from Electrocomponents plc’s previous dividend of $5.00. The official announcement can be viewed at this link.
Electrocomponents plc (LON:ECM) traded up 1.67% during midday trading on Tuesday, hitting GBX 547.50. The stock had a trading volume of 3,138,025 shares. The stock’s market cap is GBX 2.41 billion. The firm has a 50 day moving average price of GBX 516.65 and a 200 day moving average price of GBX 478.11. Electrocomponents plc has a one year low of GBX 236.40 and a one year high of GBX 562.00.
A number of equities analysts have recently weighed in on the stock. Liberum Capital reaffirmed a “buy” rating and issued a GBX 500 ($6.50) price target on shares of Electrocomponents plc in a research note on Tuesday. Numis Securities Ltd upped their price objective on shares of Electrocomponents plc from GBX 525 ($6.83) to GBX 550 ($7.15) and gave the stock a “hold” rating in a report on Tuesday. Peel Hunt upped their price objective on shares of Electrocomponents plc from GBX 530 ($6.89) to GBX 580 ($7.55) and gave the stock an “add” rating in a report on Tuesday. Shore Capital reiterated a “sell” rating on shares of Electrocomponents plc in a report on Tuesday. Finally, Barclays PLC upgraded shares of Electrocomponents plc to an “equal weight” rating and upped their price objective for the stock from GBX 289 ($3.76) to GBX 567 ($7.38) in a report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 466.89 ($6.07).
In related news, insider Peter M. Johnson acquired 3,000 shares of the business’s stock in a transaction dated Friday, March 17th. The stock was acquired at an average price of GBX 494 ($6.43) per share, with a total value of £14,820 ($19,279.30).
About Electrocomponents plc
Electrocomponents plc is a service distributor. The Company’s segments include Northern Europe, Southern Europe, Central Europe, Asia Pacific (APAC) and Emerging Markets, and North America. Its Northern Europe’s hub is the United Kingdom, with associated local markets in Denmark, Norway, Sweden and Republic of Ireland.
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