Marks and Spencer Group plc (MKS) to Issue Dividend of GBX 6.80 on January 12th

Marks and Spencer Group plc (LON:MKS) declared a dividend on Wednesday, November 8th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 16th will be paid a dividend of GBX 6.80 ($0.09) per share by the retailer on Friday, January 12th. This represents a dividend yield of 2.13%. The ex-dividend date is Thursday, November 16th. The official announcement can be seen at this link.

Marks and Spencer Group plc (LON MKS) traded down GBX 3.10 ($0.04) during trading on Wednesday, reaching GBX 307.30 ($4.04). 5,316,636 shares of the company traded hands, compared to its average volume of 8,140,000. Marks and Spencer Group plc has a one year low of GBX 306.70 ($4.03) and a one year high of GBX 397.80 ($5.23).

Marks and Spencer Group plc (LON:MKS) last released its earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). Marks and Spencer Group plc had a net margin of 1.65% and a return on equity of 5.62%. The business had revenue of GBX 512.56 billion during the quarter.

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In other news, insider Archie Norman purchased 10,000 shares of Marks and Spencer Group plc stock in a transaction dated Friday, September 8th. The shares were bought at an average cost of GBX 320 ($4.21) per share, with a total value of £32,000 ($42,088.65).

A number of brokerages have commented on MKS. Canaccord Genuity Group Inc. restated a “hold” rating and set a GBX 375 ($4.93) price target on shares of Marks and Spencer Group plc in a research note on Wednesday, November 8th. Deutsche Bank AG restated a “hold” rating and set a GBX 335 ($4.41) price target on shares of Marks and Spencer Group plc in a research note on Wednesday. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 285 ($3.75) price target on shares of Marks and Spencer Group plc in a research note on Wednesday. restated a “buy” rating and set a GBX 400 ($5.26) price target on shares of Marks and Spencer Group plc in a research note on Monday. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 370 ($4.87) target price on shares of Marks and Spencer Group plc in a research note on Thursday, November 9th. Nine investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Marks and Spencer Group plc currently has a consensus rating of “Hold” and a consensus target price of GBX 353.83 ($4.65).

Marks and Spencer Group plc Company Profile

Marks and Spencer Group plc (M&S) is a retailer in the United Kingdom, with over 1,380 stores around the world. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through two segments: UK and International. The UK segment consists of the United Kingdom retail business and the United Kingdom franchise operations.

Dividend History for Marks and Spencer Group plc (LON:MKS)

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