Rexel S.A. (OTCMKTS:RXEEY) Declares Dividend Increase – $0.73 Per Share

Rexel S.A. (OTCMKTS:RXEEYGet Rating) announced a dividend on Saturday, May 28th, investing.com reports. Investors of record on Thursday, June 2nd will be paid a dividend of 0.7308 per share on Wednesday, June 22nd. This represents a yield of 3.38%. The ex-dividend date is Wednesday, June 1st. This is an increase from Rexel’s previous dividend of $0.55.

Shares of RXEEY opened at $21.60 on Friday. Rexel has a 1-year low of $17.65 and a 1-year high of $24.42. The company has a 50-day moving average of $20.65 and a 200 day moving average of $20.96.

RXEEY has been the subject of a number of research analyst reports. Morgan Stanley decreased their price objective on shares of Rexel from €25.00 ($26.60) to €24.00 ($25.53) and set an “overweight” rating for the company in a report on Monday, April 11th. Societe Generale lifted their price objective on shares of Rexel from €23.00 ($24.47) to €24.00 ($25.53) in a report on Tuesday, April 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Rexel presently has an average rating of “Buy” and a consensus price target of $24.25.

Rexel Company Profile (Get Rating)

Rexel SA, together with its subsidiaries, distributes electrical products and services for the residential, commercial, and industrial energy markets worldwide. The company offers smart cameras, sensors, controllers, and monitoring software; light sources, lights, and control switches; climate control products, including heat pumps, air conditioning, and water heaters; fire alarms, surveillance equipment, access controls devices, and emergency lightings; and connection cables, and switches and routers, as well as enclosures, mounts, and racks.

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