Marshalls plc (LON:MSLH) Announces Dividend Increase – GBX 5.40 Per Share

Marshalls plc (LON:MSLH) announced a dividend on Monday, March 17th, DividendData.Co.Uk reports. Investors of record on Thursday, June 5th will be given a dividend of GBX 5.40 ($0.07) per share on Tuesday, July 1st. This represents a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, June 5th. This is a 107.7% increase from Marshalls’s previous dividend of $2.60. The official announcement can be seen at this link.

Marshalls Price Performance

Marshalls stock traded up GBX 1.50 ($0.02) during midday trading on Tuesday, reaching GBX 238.50 ($3.10). 84,328,086 shares of the stock traded hands, compared to its average volume of 3,464,509. The stock’s fifty day moving average is GBX 250.70 and its 200-day moving average is GBX 298.15. Marshalls has a 12 month low of GBX 229 ($2.97) and a 12 month high of GBX 366 ($4.75). The stock has a market cap of £599.95 million, a P/E ratio of 27.86, a PEG ratio of 0.17 and a beta of 1.26. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 33.19.

Marshalls (LON:MSLH) last announced its quarterly earnings results on Tuesday, March 18th. The company reported GBX 16 ($0.21) EPS for the quarter. Marshalls had a return on equity of 3.32% and a net margin of 3.46%. As a group, equities research analysts anticipate that Marshalls will post 18.2342758 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 420 ($5.46) price objective on shares of Marshalls in a research note on Wednesday, January 22nd.

Insider Transactions at Marshalls

In other news, insider Justin Lockwood acquired 5,000 shares of Marshalls stock in a transaction on Tuesday, January 21st. The shares were bought at an average cost of GBX 232 ($3.01) per share, for a total transaction of £11,600 ($15,066.89). Also, insider Vanda Murray acquired 4,000 shares of Marshalls stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of GBX 248 ($3.22) per share, for a total transaction of £9,920 ($12,884.79). Company insiders own 2.73% of the company’s stock.

About Marshalls

Established in the late 1880s, Marshalls plc is a leading UK manufacturer of sustainable solutions for the built environment. It operates through three trading divisions: Landscape Products; Roofing Products; and Building Products. At a Group, divisional and brand level, Marshalls’ strategy centres around its customers who value its unique set of capabilities, namely leading brands, best in class technical and design support and carbon leadership.