BT Group PLC Declares None Dividend of $0.30 (BT)
BT Group PLC (NYSE:BT) announced a None dividend on Thursday, November 2nd, Zacks reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.297 per share by the utilities provider on Monday, February 12th. The ex-dividend date of this dividend is Thursday, December 28th.
BT Group PLC has increased its dividend payment by an average of 8.3% per year over the last three years and has raised its dividend every year for the last 5 years. BT Group PLC has a dividend payout ratio of 73.1% meaning its dividend is sufficiently covered by earnings. Analysts expect BT Group PLC to earn $1.81 per share next year, which means the company should continue to be able to cover its $1.33 annual dividend with an expected future payout ratio of 73.5%.
Several research analysts have commented on the stock. Barclays PLC restated an “overweight” rating and issued a GBX 450 ($5.94) price objective on shares of BT Group PLC in a report on Wednesday, August 9th. Deutsche Bank AG restated a “sell” rating and issued a GBX 265 ($3.50) price objective on shares of BT Group PLC in a report on Thursday, October 26th. Beaufort Securities lowered shares of BT Group PLC to a “hold” rating and decreased their price objective for the stock from GBX 340 ($4.49) to GBX 265 ($3.50) in a report on Friday. BidaskClub lowered shares of BT Group PLC from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 390 ($5.15) price target on shares of BT Group PLC in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $318.94.
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