Debenhams plc (DEB) Declares Dividend of GBX 2.40
Debenhams plc (LON:DEB) declared a dividend on Thursday, October 26th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 7th will be paid a dividend of GBX 2.40 ($0.03) per share on Friday, January 19th. This represents a yield of 5.71%. The ex-dividend date is Thursday, December 7th. This is a positive change from Debenhams’s previous dividend of $1.03. The official announcement can be accessed at this link.
Shares of Debenhams (LON DEB) opened at GBX 39.50 ($0.53) on Friday. Debenhams has a 12-month low of GBX 36.25 ($0.49) and a 12-month high of GBX 59.01 ($0.79).
DEB has been the topic of a number of analyst reports. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 45 ($0.60) price target on shares of Debenhams in a research note on Tuesday, October 24th. Numis Securities reaffirmed a “hold” rating and issued a GBX 45 ($0.60) price target on shares of Debenhams in a research note on Monday, October 30th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 58 ($0.78) price target on shares of Debenhams in a research note on Thursday, October 26th. Jefferies Group reissued a “hold” rating and issued a GBX 47 ($0.63) target price on shares of Debenhams in a report on Friday, October 27th. Finally, J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 38 ($0.51) target price on shares of Debenhams in a report on Friday, October 27th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 46.93 ($0.63).
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Debenhams plc is a United Kingdom-based company, which is engaged in multi-channel business. The Company’s brand trades through approximately 240 stores in 27 countries. The Company’s segments are UK and International. The UK segment consists of stores in the United Kingdom and online sales to the United Kingdom addresses.
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