Fenner plc (FENR) to Issue Dividend of GBX 2.80

Fenner plc (LON:FENR) declared a dividend on Wednesday, November 15th, Upcoming.Co.Uk reports. Investors of record on Thursday, January 25th will be given a dividend of GBX 2.80 ($0.04) per share on Thursday, March 8th. This represents a yield of 0.68%. The ex-dividend date of this dividend is Thursday, January 25th. This is a boost from Fenner’s previous dividend of $1.40. The official announcement can be seen at this link.

Fenner (LON FENR) opened at GBX 478.60 ($6.49) on Friday. The company has a market cap of $928.50 and a price-to-earnings ratio of 2,658.89. Fenner has a 1 year low of GBX 273.75 ($3.71) and a 1 year high of GBX 509.50 ($6.91).

Fenner (LON:FENR) last released its quarterly earnings results on Wednesday, November 15th. The company reported GBX 17.70 ($0.24) EPS for the quarter, beating analysts’ consensus estimates of GBX 16.70 ($0.23) by GBX 1 ($0.01). The firm had revenue of £655.40 million during the quarter. Fenner had a net margin of 6.75% and a return on equity of 14.59%.

A number of research firms have recently commented on FENR. Citigroup boosted their price target on shares of Fenner from GBX 425 ($5.76) to GBX 525 ($7.12) and gave the company a “buy” rating in a research report on Friday, January 12th. JPMorgan Chase & Co. boosted their price target on shares of Fenner from GBX 380 ($5.15) to GBX 415 ($5.63) and gave the company a “neutral” rating in a research report on Friday, January 12th. Jefferies Group boosted their price target on shares of Fenner from GBX 450 ($6.10) to GBX 500 ($6.78) and gave the company a “buy” rating in a research report on Friday, January 12th. Peel Hunt boosted their price target on shares of Fenner from GBX 380 ($5.15) to GBX 425 ($5.76) and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Numis Securities restated a “hold” rating and set a GBX 425 ($5.76) price target on shares of Fenner in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 417.22 ($5.66).

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About Fenner

Fenner PLC is a United Kingdom-based provider of engineered solutions for performance-critical applications. The Company’s business segments include Engineered Conveyor Solutions and Advanced Engineered Products. The Engineered Conveyor Solutions is engaged in the manufacture of rubber ply belting, solid woven and steel cord conveyor belting for mining, power generation and industrial applications with complementary service operations, which design, install, monitor, maintain and operate conveyor systems for mining and industrial customers.

Dividend History for Fenner (LON:FENR)

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