Mondi Plc (MNDI) Plans Dividend of €0.19
Mondi Plc (LON:MNDI) declared a dividend on Thursday, August 3rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 24th will be paid a dividend of €0.19 ($0.22) per share on Tuesday, September 19th. This represents a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, August 24th. The official announcement can be accessed at this link.
Mondi Plc (MNDI) opened at 2068.00 on Friday. The stock’s 50 day moving average is GBX 2,015.03 and its 200-day moving average is GBX 1,968.48. The company’s market capitalization is GBX 10.02 billion. Mondi Plc has a 12 month low of GBX 1,495.00 and a 12 month high of GBX 2,121.00.
Several research analysts recently issued reports on the stock. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 2,000 ($25.96) target price on shares of Mondi Plc in a research note on Monday, April 24th. Jefferies Group LLC reissued a “buy” rating and set a GBX 2,250 ($29.21) target price on shares of Mondi Plc in a research note on Thursday, May 18th. Deutsche Bank AG increased their target price on shares of Mondi Plc from GBX 2,100 ($27.26) to GBX 2,200 ($28.56) and gave the stock a “buy” rating in a research note on Friday, April 21st. Credit Suisse Group reissued a “neutral” rating and set a GBX 2,135 ($27.72) target price on shares of Mondi Plc in a research note on Tuesday, May 30th. Finally, J P Morgan Chase & Co reissued an “overweight” rating on shares of Mondi Plc in a research note on Friday, August 4th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 2,094.38 ($27.19).
In other news, insider Andrew King purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average cost of GBX 1,993 ($25.87) per share, with a total value of £398,600 ($517,460.73). Insiders have purchased 20,015 shares of company stock worth $39,889,817 over the last three months.
About Mondi Plc
Mondi plc is a United Kingdom-based packaging and paper company. The Company is engaged in managing forests and producing pulp, paper and compound plastics for industrial and consumer packaging. The Company and Mondi Limited, under a dual listed company (DLC) structure, operate together as a single economic entity.
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