Mitchells & Butlers plc (MAB) Increases Dividend to GBX 5 Per Share
Mitchells & Butlers plc (LON:MAB) announced a dividend on Tuesday, November 22nd. Shareholders of record on Thursday, December 1st will be given a dividend of GBX 5 ($0.06) per share on Tuesday, February 7th. This represents a yield of 1.89%. The ex-dividend date is Thursday, December 1st. This is an increase from Mitchells & Butlers plc’s previous dividend of $2.50. The official announcement can be viewed at this link.
Mitchells & Butlers plc (LON:MAB) traded down 3.40% during midday trading on Tuesday, reaching GBX 264.20. 947,268 shares of the company’s stock were exchanged. The firm’s 50 day moving average is GBX 277.58 and its 200 day moving average is GBX 265.75. Mitchells & Butlers plc has a 52 week low of GBX 207.00 and a 52 week high of GBX 357.10. The firm’s market capitalization is GBX 1.09 billion.
A number of equities research analysts have recently weighed in on MAB shares. Canaccord Genuity dropped their price target on Mitchells & Butlers plc from GBX 360 ($4.50) to GBX 350 ($4.37) and set a ” buy” rating on the stock in a research note on Thursday, July 28th. Numis Securities Ltd restated an “add” rating and set a GBX 268 ($3.35) price target on shares of Mitchells & Butlers plc in a research note on Thursday, September 22nd. FinnCap restated a “buy” rating on shares of Mitchells & Butlers plc in a research note on Thursday, July 28th. HSBC dropped their price target on Mitchells & Butlers plc from GBX 340 ($4.25) to GBX 275 ($3.44) and set a “buy” rating on the stock in a research note on Monday, August 1st. Finally, Beaufort Securities restated a “buy” rating on shares of Mitchells & Butlers plc in a research note on Friday, September 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Mitchells & Butlers plc presently has a consensus rating of “Hold” and an average price target of GBX 341.64 ($4.27).
Mitchells & Butlers plc Company Profile
Mitchells & Butlers plc is an operator of restaurants, pubs and bars. The Company operates through retail operating business and property business segments. The Company operates approximately 1,700 restaurants and pubs in the United Kingdom. The Company’s brands include Sizzling Pubs, Vintage Inns, Harvester, Ember Inns, Toby Carvery, Crown Carveries, Castle, Nicholson’s, O’Neill’s, Alex, All Bar One, Miller & Carter, Browns, Innkeeper’s Lodge, Oak Tree, Orchid Pubs and Premium Country Pubs.
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