Wickes Group plc (LON:WIX) Announces Dividend Increase – GBX 7.30 Per Share

Wickes Group plc (LON:WIX) announced a dividend on Thursday, March 20th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 24th will be paid a dividend of GBX 7.30 ($0.09) per share on Friday, June 6th. This represents a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 102.8% increase from Wickes Group’s previous dividend of $3.60. The official announcement can be seen at this link.

Wickes Group Stock Performance

Shares of Wickes Group stock opened at GBX 175.60 ($2.28) on Friday. The company has a market capitalization of £415.77 million, a PE ratio of 14.20, a P/E/G ratio of 0.79 and a beta of 0.78. The company has a debt-to-equity ratio of 456.98, a quick ratio of 0.58 and a current ratio of 1.10. The company has a 50-day simple moving average of GBX 167.05 and a two-hundred day simple moving average of GBX 161.49. Wickes Group has a one year low of GBX 130.60 ($1.69) and a one year high of GBX 186 ($2.41).

Wickes Group (LON:WIX) last posted its quarterly earnings data on Thursday, March 20th. The company reported GBX 14.10 ($0.18) earnings per share (EPS) for the quarter. Wickes Group had a net margin of 2.01% and a return on equity of 19.39%. Research analysts expect that Wickes Group will post 16.2278978 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on WIX. Shore Capital reaffirmed a “not rated” rating on shares of Wickes Group in a research note on Thursday. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 198 ($2.57) target price on shares of Wickes Group in a research note on Thursday.

About Wickes Group

Wickes is one of the UK’s best known home improvement retailers. Having opened our first store in 1972 we now have over 230 stores across the UK, employing 8,500 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £25 billion UK Home Improvement market.