Topps Tiles Plc (TPT) Declares Dividend Increase – GBX 2.50 Per Share
Topps Tiles Plc (LON:TPT) announced a dividend on Tuesday, November 29th. Stockholders of record on Thursday, January 5th will be paid a dividend of GBX 2.50 ($0.03) per share on Friday, February 3rd. This represents a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, January 5th. This is a boost from Topps Tiles Plc’s previous dividend of $1.00. The official announcement can be seen at this link.
Shares of Topps Tiles Plc (LON:TPT) opened at 85.625 on Wednesday. Topps Tiles Plc has a 52 week low of GBX 79.50 and a 52 week high of GBX 171.00. The stock’s market cap is GBX 164.45 million. The stock has a 50 day moving average of GBX 89.01 and a 200-day moving average of GBX 112.86.
Several research analysts recently commented on the company. Peel Hunt reissued a “buy” rating and issued a GBX 150 ($1.86) price objective on shares of Topps Tiles Plc in a research note on Tuesday. Liberum Capital reaffirmed a “buy” rating and issued a GBX 130 ($1.61) target price on shares of Topps Tiles Plc in a research note on Tuesday. Finally, Berenberg Bank cut their target price on Topps Tiles Plc from GBX 155 ($1.92) to GBX 125 ($1.55) and set a “hold” rating for the company in a research note on Tuesday, August 9th.
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About Topps Tiles Plc
Topps Tiles PLC is a United Kingdom-based retailer of tiles. The Company’s business focuses on wood flooring, and supplies tiles and associated accessories for refurbishment of domestic housing. Its principal activity includes the retail distribution of ceramic and porcelain tiles, natural stone, wood flooring and related products.
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