Discoverie Group PLC Declares Dividend of GBX 2.97 (LON:DSCV)

Discoverie Group PLC (LON:DSCV) announced a dividend on Thursday, November 28th, Upcoming.Co.Uk reports. Investors of record on Thursday, December 12th will be given a dividend of GBX 2.97 ($0.04) per share on Monday, January 6th. This represents a yield of 0.54%. The ex-dividend date of this dividend is Thursday, December 12th. The official announcement can be seen at this link.

LON:DSCV opened at GBX 545.26 ($7.12) on Friday. Discoverie Group has a one year low of GBX 324 ($4.23) and a one year high of GBX 581.88 ($7.60). The company has a debt-to-equity ratio of 63.99, a current ratio of 1.87 and a quick ratio of 1.14. The company’s 50-day simple moving average is GBX 489.74 and its 200 day simple moving average is GBX 444.61. The firm has a market capitalization of $493.03 million and a P/E ratio of 28.11.

Several research firms recently commented on DSCV. FinnCap reissued a “corporate” rating and set a GBX 579 ($7.57) price objective (up previously from GBX 535 ($6.99)) on shares of Discoverie Group in a research note on Thursday. Peel Hunt reissued a “buy” rating on shares of Discoverie Group in a research note on Thursday. Finally, Jefferies Financial Group boosted their price objective on shares of Discoverie Group from GBX 500 ($6.53) to GBX 540 ($7.06) and gave the stock a “buy” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 539.80 ($7.05).

About Discoverie Group

discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. It operates through two divisions, Design & Manufacturing and Custom Supply. The company also offers technically demanding, customized electronic, photonic, and medical products to the industrial, medical, and healthcare markets.

Further Reading: Monthly Dividend Stocks Can Provide Solid Income

Dividend History for Discoverie Group (LON:DSCV)

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