NEXT plc (NXT) Plans Dividend Increase – GBX 53 Per Share

NEXT plc (LON:NXT) announced a dividend on Thursday, September 14th, Upcoming.Co.Uk reports. Investors of record on Thursday, December 7th will be given a dividend of GBX 53 ($0.71) per share on Tuesday, January 2nd. This represents a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, December 7th. This is a positive change from NEXT’s previous dividend of $45.00. The official announcement can be accessed at this link.

Shares of NEXT (NXT) opened at GBX 4,432 ($59.35) on Friday. NEXT has a 1 year low of GBX 3,565 ($47.74) and a 1 year high of GBX 5,355 ($71.72).

Several research firms recently weighed in on NXT. Credit Suisse Group restated an “underperform” rating and set a GBX 4,000 ($53.57) price target on shares of NEXT in a research report on Friday, September 1st. reissued a “reduce” rating and issued a GBX 3,800 ($50.89) target price on shares of NEXT in a report on Thursday, November 2nd. reissued a “reduce” rating and issued a GBX 3,800 ($50.89) target price on shares of NEXT in a report on Thursday, November 2nd. HSBC reissued a “reduce” rating and issued a GBX 3,800 ($50.89) target price on shares of NEXT in a report on Thursday, November 2nd. Finally, Jefferies Group boosted their target price on NEXT from GBX 4,600 ($61.60) to GBX 5,200 ($69.64) and gave the stock a “hold” rating in a report on Friday, September 15th. Ten analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 4,365.70 ($58.47).

In other NEXT news, insider Michael J. Roney acquired 405 shares of the stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of GBX 4,313 ($57.76) per share, with a total value of £17,467.65 ($23,393.13).

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About NEXT

NEXT plc is a United Kingdom-based retailer offering clothing, footwear, accessories and home products. The Company’s segments include NEXT Retail, a chain of over 500 stores in the United Kingdom and Eire; NEXT Directory, an online and catalogue shopping business with over four million active customers and international Websites serving approximately 70 countries; NEXT International Retail, with approximately 200 mainly franchised stores; NEXT Sourcing, which designs and sources NEXT branded products; Lipsy, which designs and sells Lipsy branded younger women’s fashion products, and Property Management, which holds properties and property leases which are sub-let to other segments and external parties.

Dividend History for NEXT (LON:NXT)

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