Bakkavor Group plc (LON:BAKK) Raises Dividend to GBX 4.80 Per Share

Bakkavor Group plc (LON:BAKK) declared a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Investors of record on Thursday, April 24th will be paid a dividend of GBX 4.80 ($0.06) per share on Wednesday, May 28th. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 50.0% increase from Bakkavor Group’s previous dividend of $3.20. The official announcement can be viewed at this link.

Bakkavor Group Stock Performance

Bakkavor Group stock opened at GBX 176 ($2.36) on Tuesday. Bakkavor Group has a twelve month low of GBX 113.50 ($1.52) and a twelve month high of GBX 193.80 ($2.59). The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 53.92. The company has a market capitalization of £1.03 billion, a P/E ratio of 16.03, a PEG ratio of 0.61 and a beta of 0.63. The stock’s 50 day moving average is GBX 164.76 and its 200 day moving average is GBX 150.64.

Bakkavor Group (LON:BAKK) last issued its earnings results on Tuesday, March 4th. The company reported GBX 9.60 ($0.13) earnings per share (EPS) for the quarter. Bakkavor Group had a net margin of 2.86% and a return on equity of 10.43%. On average, equities research analysts predict that Bakkavor Group will post 11.5761689 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 170 ($2.27) target price on shares of Bakkavor Group in a research report on Thursday, March 13th.

About Bakkavor Group

We are the leading provider of fresh prepared food in the UK, and our presence in the US and China positions the Group well in these high-growth markets. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 18,000 colleagues operate from 43 sites across our three markets supplying a portfolio of over 3,000 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US, and international food brands in China.