Discoverie Group PLC (LON:DSCV) Raises Dividend to GBX 6.75 Per Share
Discoverie Group PLC (LON:DSCV) declared a dividend on Tuesday, June 4th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 13th will be paid a dividend of GBX 6.75 ($0.09) per share on Tuesday, July 30th. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, June 13th. This is a boost from Discoverie Group’s previous dividend of $2.80. The official announcement can be seen at this link.
Shares of Discoverie Group stock traded down GBX 8 ($0.10) during trading on Wednesday, hitting GBX 450 ($5.88). 44,800 shares of the stock traded hands, compared to its average volume of 81,952. The firm has a market cap of $362.27 million and a P/E ratio of 23.20. The company has a current ratio of 1.87, a quick ratio of 1.18 and a debt-to-equity ratio of 63.99. Discoverie Group has a 52-week low of GBX 324 ($4.23) and a 52-week high of GBX 469 ($6.13).
In related news, insider Simon Gibbins acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were bought at an average price of GBX 400 ($5.23) per share, with a total value of £20,000 ($26,133.54).
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About Discoverie Group
discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. It operates through two divisions, Design & Manufacturing and Custom Supply. The company also offers technically demanding, customized electronic, photonic, and medical products to the industrial, medical, and healthcare markets.
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