Marshalls plc (MSLH) Increases Dividend to GBX 12 Per Share

Marshalls plc (LON:MSLH) declared a dividend on Thursday, March 14th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 6th will be given a dividend of GBX 12 ($0.16) per share on Friday, June 28th. This represents a yield of 2.05%. The ex-dividend date is Thursday, June 6th. This is a boost from Marshalls’s previous dividend of $4.00. The official announcement can be seen at this link.

Shares of LON:MSLH opened at GBX 594.50 ($7.77) on Friday. The company has a market capitalization of $1.14 billion and a PE ratio of 26.31. Marshalls has a twelve month low of GBX 395.60 ($5.17) and a twelve month high of GBX 559.15 ($7.31). The company has a quick ratio of 0.94, a current ratio of 1.64 and a debt-to-equity ratio of 28.42.

Several equities research analysts recently commented on MSLH shares. Shore Capital restated a “hold” rating on shares of Marshalls in a research report on Thursday. Peel Hunt upped their price target on shares of Marshalls from GBX 515 ($6.73) to GBX 530 ($6.93) and gave the company an “add” rating in a research report on Thursday. Berenberg Bank upped their price target on shares of Marshalls from GBX 530 ($6.93) to GBX 580 ($7.58) and gave the company a “buy” rating in a research report on Monday, January 28th. Finally, Canaccord Genuity downgraded shares of Marshalls to a “hold” rating and reduced their price target for the company from GBX 500 ($6.53) to GBX 495 ($6.47) in a research report on Tuesday, January 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Marshalls presently has an average rating of “Hold” and a consensus price target of GBX 517.20 ($6.76).

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About Marshalls

Marshalls plc manufactures and supplies hard landscaping products in the United Kingdom and internationally. It operates through Landscape Products and Other segments. The company offers interior, garden, driveway, and seating and landscape products, including paving, block paving, kerbs, water management, natural stone cladding, street furniture, lighting, protective street furniture, and walling and mortars products, as well as paths, edgings, and drainage and decorative aggregates.

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Dividend History for Marshalls (LON:MSLH)

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