Patisserie Holdings PLC (CAKE) Raises Dividend to GBX 2 Per Share
Patisserie Holdings PLC (LON:CAKE) declared a dividend on Tuesday, November 29th. Investors of record on Thursday, January 12th will be paid a dividend of GBX 2 ($0.02) per share on Friday, February 10th. This represents a yield of 0.74%. The ex-dividend date is Thursday, January 12th. This is an increase from Patisserie Holdings PLC’s previous dividend of $1.00. The official announcement can be viewed at this link.
Shares of Patisserie Holdings PLC (LON:CAKE) traded up 4.65% on Tuesday, reaching GBX 270.00. The company had a trading volume of 3,306,626 shares. The firm’s market capitalization is GBX 270.00 million. Patisserie Holdings PLC has a 52-week low of GBX 252.31 and a 52-week high of GBX 483.02. The company’s 50-day moving average price is GBX 281.06 and its 200-day moving average price is GBX 305.12.
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CAKE has been the topic of several recent analyst reports. FinnCap reaffirmed a “hold” rating and set a GBX 350 ($4.34) price target on shares of Patisserie Holdings PLC in a research report on Wednesday, August 10th. Investec reaffirmed a “buy” rating and set a GBX 400 ($4.96) price target on shares of Patisserie Holdings PLC in a research report on Tuesday. Finally, Canaccord Genuity boosted their price target on Patisserie Holdings PLC from GBX 380 ($4.71) to GBX 405 ($5.02) and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 379.25 ($4.70).
About Patisserie Holdings PLC
Patisserie Holdings PLC is a United Kingdom-based cafe and casual dining company. The Company offers cakes, pastries, snacks, meals and hot and cold drinks from approximately 140 stores and Flour Power City Bakery in the United Kingdom. Its segments include Patisserie Valerie, Druckers, Baker & Spice, Flour Power and Philpotts.
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