DCC plc (DCC) Declares Dividend Increase – GBX 93.37 Per Share

DCC plc (LON:DCC) announced a dividend on Tuesday, May 14th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 23rd will be paid a dividend of GBX 93.37 ($1.22) per share on Thursday, July 18th. This represents a yield of 1.39%. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from DCC’s previous dividend of $44.98. The official announcement can be viewed at this link.

Shares of DCC stock opened at GBX 6,842 ($89.40) on Wednesday. DCC has a 52-week low of GBX 5,555 ($72.59) and a 52-week high of GBX 7,585 ($99.11). The stock has a market capitalization of $6.65 billion and a P/E ratio of 25.38. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 115.45.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of DCC in a research report on Wednesday. Peel Hunt reiterated an “add” rating on shares of DCC in a research report on Tuesday. UBS Group reiterated a “buy” rating and set a GBX 8,000 ($104.53) price target on shares of DCC in a research report on Tuesday, February 5th. Canaccord Genuity reiterated a “buy” rating and set a GBX 8,540 ($111.59) price target on shares of DCC in a research report on Tuesday, February 5th. Finally, Goldman Sachs Group cut DCC to a “neutral” rating and decreased their price target for the company from GBX 8,500 ($111.07) to GBX 7,900 ($103.23) in a research report on Monday, January 21st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 8,374.22 ($109.42).

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DCC Company Profile

DCC plc provides sales, marketing, and support services worldwide. The company's DCC LPG segment sells and markets liquefied petroleum gas (LPG). This segment serves approximately 0.7 million customers. Its DCC Retail & Oil segment engages in the procurement, sale, marketing, and distribution of LPG; operation of retail petrol stations; and reselling of fuel cards.

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Dividend History for DCC (LON:DCC)

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