Entertainment One Ltd (LON:ETO) Announces Dividend of GBX 1.50

Entertainment One Ltd (LON:ETO) announced a dividend on Tuesday, May 21st, Upcoming.Co.Uk reports. Investors of record on Thursday, July 11th will be paid a dividend of GBX 1.50 ($0.02) per share on Friday, September 6th. This represents a yield of 0.34%. The ex-dividend date is Thursday, July 11th. This is a boost from Entertainment One’s previous dividend of $1.40. The official announcement can be seen at this link.

Shares of LON:ETO opened at GBX 411.20 ($5.37) on Wednesday. The firm’s 50 day simple moving average is GBX 405.81. The company has a debt-to-equity ratio of 82.41, a quick ratio of 0.99 and a current ratio of 1.46. Entertainment One has a twelve month low of GBX 333.20 ($4.35) and a twelve month high of GBX 485.40 ($6.34). The company has a market cap of $2.04 billion and a P/E ratio of 164.48.

In related news, insider Robert McFarlane purchased 10,000 shares of Entertainment One stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average cost of GBX 407 ($5.32) per share, for a total transaction of £40,700 ($53,181.76).

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Entertainment One from GBX 655 ($8.56) to GBX 649 ($8.48) and set an “overweight” rating for the company in a research report on Tuesday, May 21st. Numis Securities lifted their target price on Entertainment One from GBX 555 ($7.25) to GBX 573 ($7.49) and gave the company a “buy” rating in a research note on Thursday, May 16th. Berenberg Bank reissued a “buy” rating on shares of Entertainment One in a research note on Tuesday. Stifel Nicolaus raised their price target on Entertainment One from GBX 475 ($6.21) to GBX 550 ($7.19) and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Investec raised their price target on Entertainment One from GBX 455 ($5.95) to GBX 500 ($6.53) and gave the stock a “buy” rating in a research report on Friday, April 5th. Seven research analysts have rated the stock with a buy rating, Entertainment One presently has an average rating of “Buy” and an average price target of GBX 536.17 ($7.01).

Entertainment One Company Profile

Entertainment One Ltd. engages in the acquisition, development, production, financing, distribution, and sale of family, television (TV), music, and film content rights across various media worldwide. The company operates in three segments: Family & Brands, Television, and Film. It distributes and sells films on screens in theatres and digitally, on DVDs and Blu-rays, and on TV; develops, produces, and distributes TV content across genres, platforms, and territories; and records, distributes, and licenses albums and songs.

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Dividend History for Entertainment One (LON:ETO)

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