DS Smith plc (SMDS) Increases Dividend to GBX 10.60 Per Share
DS Smith plc (LON:SMDS) declared a dividend on Thursday, June 29th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 5th will be given a dividend of GBX 10.60 ($0.13) per share on Wednesday, November 1st. This represents a yield of 2.2%. The ex-dividend date of this dividend is Thursday, October 5th. This is an increase from DS Smith plc’s previous dividend of $4.60. The official announcement can be viewed at this link.
DS Smith plc (LON:SMDS) traded up 8.40% during trading on Thursday, reaching GBX 481.40. 9,862,284 shares of the company were exchanged. The stock’s market capitalization is GBX 4.54 billion. DS Smith plc has a 1-year low of GBX 369.30 and a 1-year high of GBX 487.80. The company’s 50-day moving average price is GBX 440.65 and its 200-day moving average price is GBX 435.35.
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SMDS has been the subject of several recent research reports. Numis Securities Ltd restated an “add” rating and issued a GBX 495 ($6.30) price target on shares of DS Smith plc in a report on Thursday, April 27th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 475 ($6.04) price target on shares of DS Smith plc in a report on Friday, March 10th. Jefferies Group LLC restated a “hold” rating and issued a GBX 460 ($5.85) price target on shares of DS Smith plc in a report on Thursday, May 18th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 430 ($5.47) price target on shares of DS Smith plc in a report on Monday, April 24th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 400 ($5.09) price target on shares of DS Smith plc in a report on Tuesday, April 25th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. DS Smith plc has an average rating of “Hold” and a consensus target price of GBX 476.38 ($6.06).
About DS Smith plc
DS Smith Plc is a provider of corrugated packaging in Europe and plastic packaging across the world. The Company’s segments include UK, Western Europe, DCH and Northern Europe, Central Europe and Italy, and Plastics. The Company designs and manufactures plastic bags and taps and fitments for use in bag-in-box packaging for liquids.
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