Burberry Group plc (BRBY) Increases Dividend to GBX 31.50 Per Share

Burberry Group plc (LON:BRBY) announced a dividend on Thursday, May 16th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 27th will be given a dividend of GBX 31.50 ($0.41) per share on Friday, August 2nd. This represents a yield of 1.69%. The ex-dividend date is Thursday, June 27th. This is a boost from Burberry Group’s previous dividend of $11.00. The official announcement can be seen at this link.

LON:BRBY opened at GBX 1,823 ($23.82) on Thursday. The company has a quick ratio of 1.46, a current ratio of 2.40 and a debt-to-equity ratio of 1.37. Burberry Group has a 12 month low of GBX 1,618.50 ($21.15) and a 12 month high of GBX 2,338 ($30.55). The company has a market capitalization of $7.45 billion and a price-to-earnings ratio of 23.05.

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank reissued a “hold” rating on shares of Burberry Group in a research report on Thursday, May 2nd. Credit Suisse Group cut shares of Burberry Group to a “neutral” rating and decreased their price target for the stock from GBX 2,200 ($28.75) to GBX 1,950 ($25.48) in a research note on Friday, February 8th. UBS Group reiterated a “neutral” rating on shares of Burberry Group in a research note on Thursday, January 24th. Goldman Sachs Group cut shares of Burberry Group to a “sell” rating and decreased their price target for the stock from GBX 2,148 ($28.07) to GBX 1,855 ($24.24) in a research note on Wednesday, March 6th. Finally, Berenberg Bank boosted their price target on shares of Burberry Group from GBX 1,920 ($25.09) to GBX 1,970 ($25.74) and gave the stock a “hold” rating in a research note on Thursday, January 24th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. Burberry Group currently has a consensus rating of “Hold” and a consensus target price of GBX 1,913 ($25.00).

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About Burberry Group

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods for men, women, and children under the Burberry brand name. The company operates in two segments, Retail/Wholesale and Licensing. It offers apparel; accessories, such as women's handbags and small leather goods; and beauty, eyewear and timepieces.

Further Reading: Systematic Risk and Investors

Dividend History for Burberry Group (LON:BRBY)

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