Grainger PLC to Issue Dividend of GBX 1.73 (GRI)

Grainger PLC (LON:GRI) declared a dividend on Thursday, May 16th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 30th will be given a dividend of GBX 1.73 ($0.02) per share on Friday, July 5th. This represents a yield of 0.66%. The ex-dividend date is Thursday, May 30th. The official announcement can be seen at this link.

GRI stock opened at GBX 262.60 ($3.43) on Thursday. Grainger has a fifty-two week low of GBX 204 ($2.67) and a fifty-two week high of GBX 292.66 ($3.82). The company has a debt-to-equity ratio of 118.27, a quick ratio of 3.15 and a current ratio of 12.77. The company has a market cap of $1.60 billion and a P/E ratio of 12.56.

In related news, insider Helen Gordon acquired 118 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average cost of GBX 251 ($3.28) per share, with a total value of £296.18 ($387.01).

GRI has been the topic of a number of research reports. Peel Hunt reaffirmed an “add” rating on shares of Grainger in a research note on Wednesday, February 6th. Numis Securities lowered Grainger to an “add” rating and decreased their price objective for the stock from GBX 369 ($4.82) to GBX 295 ($3.85) in a report on Thursday. Finally, Barclays decreased their price objective on Grainger from GBX 320 ($4.18) to GBX 260 ($3.40) and set an “equal weight” rating for the company in a report on Friday, February 15th.

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About Grainger

Grainger plc, together with its subsidiaries, owns, develops, manages, and rents residential properties in the United Kingdom. The company operates through three segments: Residential, Development, and Funds. It also provides property and asset management services. The company was founded in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.

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Dividend History for Grainger (LON:GRI)

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