J Sainsbury plc (LON:SBRY) Raises Dividend to GBX 9.20 Per Share

J Sainsbury plc (LON:SBRY) declared a dividend on Thursday, April 25th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 6th will be paid a dividend of GBX 9.20 ($0.11) per share by the grocer on Friday, July 12th. This represents a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, June 6th. This is a boost from J Sainsbury’s previous dividend of $3.90. The official announcement can be seen at this link.

J Sainsbury Stock Up 1.9 %

Shares of LON SBRY opened at GBX 261.40 ($3.23) on Friday. The company has a debt-to-equity ratio of 93.13, a quick ratio of 0.53 and a current ratio of 0.72. J Sainsbury has a 52 week low of GBX 243.80 ($3.01) and a 52 week high of GBX 311.16 ($3.84). The stock has a market capitalization of £6.22 billion, a P/E ratio of 8,713.33, a PEG ratio of 1.42 and a beta of 0.66. The stock’s fifty day moving average is GBX 258.14 and its 200 day moving average is GBX 270.26.

Wall Street Analysts Forecast Growth

SBRY has been the topic of a number of recent analyst reports. Shore Capital reiterated a “house stock” rating on shares of J Sainsbury in a research report on Friday, April 19th. Jefferies Financial Group upgraded J Sainsbury to a “buy” rating and set a GBX 300 ($3.71) target price on the stock in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 281.67 ($3.48).

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.