Greene King plc (LON:GNK) announced a dividend on Thursday, June 29th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 10th will be paid a dividend of GBX 24.40 ($0.32) per share on Friday, September 15th. This represents a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, August 10th. This is a boost from Greene King plc’s previous dividend of $8.80. The official announcement can be seen at this link.
Shares of Greene King plc (LON GNK) traded down 0.53% during mid-day trading on Friday, hitting GBX 658.00. The stock had a trading volume of 357,732 shares. The stock’s market cap is GBX 2.04 billion. The firm has a 50 day moving average of GBX 671.70 and a 200-day moving average of GBX 699.57. Greene King plc has a one year low of GBX 643.50 and a one year high of GBX 847.00.
Several equities analysts have recently weighed in on the company. Canaccord Genuity restated a “buy” rating and issued a GBX 850 ($11.03) target price on shares of Greene King plc in a research report on Friday, June 30th. Liberum Capital assumed coverage on Greene King plc in a research report on Wednesday, July 5th. They issued a “buy” rating and a GBX 840 ($10.90) target price on the stock. J P Morgan Chase & Co downgraded Greene King plc to a “neutral” rating and decreased their target price for the company from GBX 810 ($10.52) to GBX 750 ($9.74) in a research report on Friday, June 30th. Numis Securities Ltd downgraded Greene King plc to a “hold” rating and set a GBX 790 ($10.26) target price on the stock. in a research report on Monday, May 8th. Finally, Peel Hunt assumed coverage on Greene King plc in a research report on Thursday, August 3rd. They issued an “add” rating and a GBX 750 ($9.74) target price on the stock. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Greene King plc has an average rating of “Buy” and an average target price of GBX 806.82 ($10.47).
In related news, insider Rooney Anand sold 6,293 shares of Greene King plc stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of GBX 693 ($9.00), for a total transaction of £43,610.49 ($56,614.94).
About Greene King plc
Greene King plc is an integrated pub retailer and brewer. The Company operates approximately 3,040 managed, tenanted, leased and franchised pubs, restaurants and hotels, including brands, such as Hungry Horse, Chef & Brewer, Flaming Grill, Farmhouse Inns and its Greene King locals estate. The Company’s segments include Pub Company, Pub Partners, and Brewing & Brands.
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