Fenner plc (FENR) Increases Dividend to GBX 2 Per Share
Fenner plc (LON:FENR) declared a dividend on Wednesday, November 16th. Shareholders of record on Thursday, January 26th will be paid a dividend of GBX 2 ($0.02) per share on Thursday, March 9th. This represents a yield of 0.78%. The ex-dividend date of this dividend is Thursday, January 26th. This is a positive change from Fenner plc’s previous dividend of $1.00. The official announcement can be accessed at this link.
Shares of Fenner plc (LON:FENR) traded up 9.01% on Wednesday, reaching GBX 257.00. The company’s stock had a trading volume of 2,082,927 shares. The company’s market cap is GBX 498.29 million. The firm has a 50 day moving average of GBX 218.33 and a 200 day moving average of GBX 174.70. Fenner plc has a 52-week low of GBX 95.25 and a 52-week high of GBX 267.00.
A number of analysts have weighed in on the stock. FinnCap reaffirmed an “under review” rating on shares of Fenner plc in a research note on Wednesday. Citigroup Inc. reaffirmed a “buy” rating on shares of Fenner plc in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Fenner plc from GBX 153 ($1.91) to GBX 167 ($2.09) and gave the stock an “underweight” rating in a research note on Monday, November 7th. Jefferies Group boosted their target price on shares of Fenner plc from GBX 181 ($2.26) to GBX 205 ($2.56) and gave the stock a “buy” rating in a research note on Friday, September 9th. Finally, Numis Securities Ltd reissued a “buy” rating and issued a GBX 200 ($2.50) price objective on shares of Fenner plc in a research note on Wednesday, September 7th. Five research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 139.58 ($1.74).
About Fenner plc
Fenner PLC is a United Kingdom-based provider of engineered solutions for performance-critical applications. The Company’s business segments include Engineered Conveyor Solutions and Advanced Engineered Products. The Engineered Conveyor Solutions is engaged in the manufacture of rubber plywood, solid woven and steel cord conveyor belting for mining, power generation and industrial applications with complementary service operations, which design, install, monitor, maintain and operate conveyor systems for mining and industrial customers.
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