River and Mercantile Group PLC (RIV) Declares Dividend of GBX 6
River and Mercantile Group PLC (LON:RIV) announced a dividend on Monday, September 25th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 23rd will be paid a dividend of GBX 6 ($0.08) per share on Friday, December 15th. This represents a dividend yield of 1.92%. The ex-dividend date is Thursday, November 23rd. The official announcement can be accessed at this link.
Shares of River and Mercantile Group PLC (RIV) traded up 1.95% during midday trading on Monday, hitting GBX 313.00. The stock had a trading volume of 21,362 shares. The company’s market cap is GBX 254.62 million. River and Mercantile Group PLC has a 52-week low of GBX 205.50 and a 52-week high of GBX 380.00. The company’s 50 day moving average is GBX 331.39 and its 200 day moving average is GBX 304.96.
RIV has been the topic of a number of recent research reports. N+1 Singer restated a “buy” rating and set a GBX 400 ($5.38) price objective on shares of River and Mercantile Group PLC in a research report on Friday, September 15th. Canaccord Genuity upgraded River and Mercantile Group PLC to a “buy” rating and set a GBX 350 ($4.71) price target on the stock in a report on Tuesday, September 12th. Finally, Numis Securities Ltd reiterated a “hold” rating and issued a GBX 335 ($4.51) price target on shares of River and Mercantile Group PLC in a report on Monday.
In other news, insider Masroor Ahmad sold 1,772 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of GBX 330 ($4.44), for a total value of £5,847.60 ($7,863.91).
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About River and Mercantile Group PLC
River and Mercantile Group PLC is engaged in advisory and asset management business with a range of services, from consulting and advisory to fiduciary and fund management. The Company’s segments include Fiduciary Management Division, Derivative Solutions Division, Equity Solutions Division and Advisory Division.
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