Royal Mail PLC (RMG) Declares Dividend of GBX 7.70

Royal Mail PLC (LON:RMG) announced a dividend on Thursday, November 16th, Upcoming.Co.Uk reports. Investors of record on Thursday, December 7th will be paid a dividend of GBX 7.70 ($0.10) per share on Wednesday, January 10th. This represents a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, December 7th. The official announcement can be viewed at this link.

Shares of Royal Mail (LON:RMG) opened at GBX 424.60 ($5.69) on Friday. Royal Mail has a 12-month low of GBX 367.80 ($4.93) and a 12-month high of GBX 474 ($6.35).

RMG has been the subject of a number of research analyst reports. Jefferies Group reiterated an “underperform” rating and issued a GBX 320 ($4.29) target price on shares of Royal Mail in a research report on Tuesday, October 3rd. Berenberg Bank increased their target price on shares of Royal Mail from GBX 375 ($5.02) to GBX 415 ($5.56) and gave the stock a “hold” rating in a research report on Friday. J P Morgan Chase & Co cut their target price on shares of Royal Mail from GBX 550 ($7.37) to GBX 535 ($7.16) and set an “overweight” rating for the company in a research report on Thursday, November 2nd. reiterated a “buy” rating and issued a GBX 465 ($6.23) target price on shares of Royal Mail in a research report on Wednesday, October 18th. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 385 ($5.16) target price on shares of Royal Mail in a research report on Thursday, November 16th. Five research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 429.45 ($5.75).

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Royal Mail Company Profile

Royal Mail plc provides postal services. The Company’s segments include UK Parcels, International & Letters (UKPIL), General Logistics Systems (GLS) and Other. UKPIL operates in the United Kingdom collecting and delivering parcels and letters through approximately two main networks, the Royal Mail Core Network and Parcelforce Worldwide.

Dividend History for Royal Mail (LON:RMG)

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