AstraZeneca plc (AZN) to Issue Dividend Increase – GBX 133.60 Per Share

AstraZeneca plc (LON:AZN) declared a dividend on Friday, February 2nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, February 15th will be given a dividend of GBX 133.60 ($1.85) per share by the biopharmaceutical company on Monday, March 19th. This represents a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from AstraZeneca’s previous dividend of $68.90. The official announcement can be seen at this link.

AstraZeneca (LON AZN) opened at GBX 4,822 ($66.62) on Wednesday. The stock has a market capitalization of $60,820.00 and a price-to-earnings ratio of 2,819.88. AstraZeneca has a twelve month low of GBX 4,260 ($58.86) and a twelve month high of GBX 5,520 ($76.26).

In related news, insider Philip A. J. Broadley purchased 415 shares of the stock in a transaction dated Friday, February 2nd. The shares were acquired at an average cost of GBX 4,846 ($66.95) per share, for a total transaction of £20,110.90 ($27,785.16).

Several research analysts have issued reports on the company. Investec upped their price target on AstraZeneca from GBX 4,900 ($67.70) to GBX 5,500 ($75.99) and gave the company a “buy” rating in a report on Monday, November 6th. Kepler Capital Markets upped their price target on AstraZeneca from GBX 5,250 ($72.53) to GBX 5,300 ($73.22) and gave the company a “buy” rating in a report on Tuesday, February 6th. Cfra set a GBX 4,800 ($66.32) price target on AstraZeneca and gave the company a “neutral” rating in a report on Friday, February 9th. UBS Group set a GBX 4,550 ($62.86) price target on AstraZeneca and gave the company a “neutral” rating in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. set a GBX 5,500 ($75.99) target price on shares of AstraZeneca and gave the company a “buy” rating in a research note on Thursday, February 8th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. AstraZeneca currently has an average rating of “Hold” and an average price target of GBX 5,211.65 ($72.00).

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About AstraZeneca

AstraZeneca PLC (AstraZeneca) is a biopharmaceutical company. The Company focuses on discovery and development of products, which are then manufactured, marketed and sold. The Company focuses on three main therapy areas: Oncology, Cardiovascular & Metabolic Disease (CVMD) and Respiratory, while selectively pursuing therapies in Autoimmunity, Infection and Neuroscience.

Dividend History for AstraZeneca (LON:AZN)

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