Connect Group PLC (LON:CNCT) to Issue Dividend of GBX 1

Connect Group PLC (LON:CNCT) declared a dividend on Wednesday, November 6th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, January 16th will be paid a dividend of GBX 1 ($0.01) per share on Thursday, February 13th. This represents a dividend yield of 3.44%. The ex-dividend date of this dividend is Thursday, January 16th. The official announcement can be viewed at this link.

Shares of CNCT traded down GBX 0.35 ($0.00) during mid-day trading on Wednesday, hitting GBX 29.05 ($0.38). The stock had a trading volume of 2,451,068 shares, compared to its average volume of 459,659. The company has a market cap of $72.79 million and a PE ratio of -1.68. The company’s fifty day simple moving average is GBX 35.27 and its two-hundred day simple moving average is GBX 37.27. Connect Group has a fifty-two week low of GBX 27.50 ($0.36) and a fifty-two week high of GBX 46.10 ($0.60).

Separately, Peel Hunt reiterated a “hold” rating on shares of Connect Group in a research report on Wednesday.

In other news, insider Gary Kennedy bought 200,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was bought at an average price of GBX 29 ($0.38) per share, for a total transaction of £58,000 ($75,787.27).

Connect Group Company Profile

Connect Group PLC engages in the distribution of newspapers, magazines, and books products in the United Kingdom and internationally. The company operates through News & Media: News Distribution, News & Media: Media, and Mixed Freight segments. The News & Media: News Distribution segment distributes newspapers and magazines to 27,000 retailers from 39 distribution centers across England and Wales.

Read More: How to use beta for portfolio diversification

Dividend History for Connect Group (LON:CNCT)

Receive News & Ratings for Connect Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Connect Group and related companies with's FREE daily email newsletter.

Leave a Reply