Morses Club PLC (LON:MCL) announced a dividend on Thursday, April 27th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 22nd will be paid a dividend of GBX 4.30 ($0.05) per share on Friday, July 21st. This represents a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, June 22nd. This is an increase from Morses Club PLC’s previous dividend of $2.10. The official announcement can be viewed at this link.
Shares of Morses Club PLC (LON:MCL) opened at 130.00 on Friday. Morses Club PLC has a 12 month low of GBX 84.00 and a 12 month high of GBX 139.06. The stock’s 50 day moving average price is GBX 131.61 and its 200-day moving average price is GBX 121.88. The firm’s market capitalization is GBX 168.35 million.
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In other Morses Club PLC news, insider Nigel Knowles purchased 12,000 shares of the business’s stock in a transaction on Thursday, April 27th. The stock was purchased at an average price of GBX 134 ($1.70) per share, for a total transaction of £16,080 ($20,341.56).
A number of brokerages have commented on MCL. Shore Capital restated a “hold” rating on shares of Morses Club PLC in a research note on Wednesday, May 10th. Beaufort Securities restated a “buy” rating and set a GBX 155 ($1.96) price target on shares of Morses Club PLC in a research note on Friday, May 5th. Panmure Gordon restated a “buy” rating and set a GBX 150 ($1.90) price target on shares of Morses Club PLC in a research note on Thursday, April 27th. Finally, Numis Securities Ltd raised their price target on shares of Morses Club PLC from GBX 130 ($1.64) to GBX 149 ($1.88) and gave the stock an “add” rating in a research note on Thursday, April 27th.
Morses Club PLC Company Profile
Morses Club PLC is a United Kingdom-based home collected credit (HCC) lender. The Company is a consumer finance business focused on the home collected credit market. The Company operates under the Morses Club brand and provides unsecured loans to customers over 20-78 week periods, which are repayable on a weekly basis.
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