Pennon Group plc (PNN) Plans Dividend of GBX 11.97

Pennon Group plc (LON:PNN) declared a dividend on Wednesday, November 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 25th will be given a dividend of GBX 11.97 ($0.16) per share on Wednesday, April 4th. This represents a yield of 1.54%. The ex-dividend date is Thursday, January 25th. The official announcement can be accessed at this link.

Pennon Group (PNN) opened at GBX 741.20 ($10.05) on Friday. The firm has a market cap of $3,110.00 and a price-to-earnings ratio of 1,684.55. Pennon Group has a 12-month low of GBX 731.80 ($9.92) and a 12-month high of GBX 947.23 ($12.85).

In related news, insider Helen Barrett-Hague sold 263 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of GBX 765 ($10.37), for a total value of £2,011.95 ($2,728.44).

A number of research firms have recently issued reports on PNN. Deutsche Bank reaffirmed a “buy” rating and set a GBX 870 ($11.80) target price on shares of Pennon Group in a report on Tuesday, November 7th. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 710 ($9.63) target price on shares of Pennon Group in a report on Thursday, November 2nd. Barclays reaffirmed an “underweight” rating on shares of Pennon Group in a report on Tuesday, November 14th. JPMorgan Chase & Co. dropped their target price on shares of Pennon Group from GBX 860 ($11.66) to GBX 830 ($11.26) and set a “neutral” rating for the company in a report on Thursday, December 7th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Pennon Group in a report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Pennon Group has an average rating of “Hold” and a consensus target price of GBX 864.44 ($11.72).

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About Pennon Group

Pennon Group Plc is an environmental infrastructure company. The Company operates through subsidiaries, which include South West Water Limited, Bournemouth Water Limited and Viridor Limited. The Company’s segments include Water and Waste management. Its water business comprises the regulated water and wastewater services undertaken by South West Water Limited and the regulated water services undertaken by Bournemouth Water Limited.

Dividend History for Pennon Group (LON:PNN)

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