Grainger PLC (LON:GRI) Announces Dividend Increase – GBX 3.46 Per Share

Grainger PLC (LON:GRI) announced a dividend on Wednesday, November 27th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 2nd will be paid a dividend of GBX 3.46 ($0.05) per share on Monday, February 10th. This represents a yield of 1.23%. The ex-dividend date is Thursday, January 2nd. This is an increase from Grainger’s previous dividend of $1.73. The official announcement can be viewed at this link.

Shares of LON:GRI opened at GBX 288.16 ($3.77) on Friday. The stock’s 50-day moving average price is GBX 264.19 and its two-hundred day moving average price is GBX 248.70. The company has a current ratio of 10.35, a quick ratio of 2.42 and a debt-to-equity ratio of 103.56. Grainger has a 12-month low of GBX 204 ($2.67) and a 12-month high of GBX 276.60 ($3.61). The firm has a market cap of $1.77 billion and a price-to-earnings ratio of 14.70.

A number of analysts have issued reports on GRI shares. Numis Securities reissued an “add” rating on shares of Grainger in a research note on Monday, September 30th. JPMorgan Chase & Co. raised their price target on Grainger from GBX 285 ($3.72) to GBX 310 ($4.05) and gave the stock an “overweight” rating in a research note on Thursday. Peel Hunt reissued a “buy” rating on shares of Grainger in a research note on Tuesday. Jefferies Financial Group raised their price target on Grainger from GBX 245 ($3.20) to GBX 300 ($3.92) and gave the stock a “hold” rating in a research note on Friday. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 290 ($3.79) price target on shares of Grainger in a research note on Friday, September 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 290.83 ($3.80).

In other news, insider Helen Gordon acquired 116 shares of Grainger stock in a transaction dated Monday, November 4th. The shares were acquired at an average cost of GBX 258 ($3.37) per share, with a total value of £299.28 ($391.06). Also, insider Vanessa Simms acquired 124 shares of Grainger stock in a transaction dated Friday, October 4th. The stock was purchased at an average cost of GBX 244 ($3.19) per share, for a total transaction of £302.56 ($395.35).

About Grainger

Grainger plc, together with its subsidiaries, owns, develops, manages, and rents residential properties in the United Kingdom. The company operates through three segments: Residential, Development, and Funds. It also provides property and asset management services. The company was founded in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.

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Dividend History for Grainger (LON:GRI)

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