GVC Holdings PLC (LON:GVC) Plans Dividend Increase – GBX 17.60 Per Share
GVC Holdings PLC (LON:GVC) declared a dividend on Thursday, August 15th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 22nd will be given a dividend of GBX 17.60 ($0.23) per share on Thursday, September 26th. This represents a dividend yield of 3.23%. The ex-dividend date is Thursday, August 22nd. This is a positive change from GVC’s previous dividend of $16.00. The official announcement can be accessed at this link.
Shares of GVC traded down GBX 1.60 ($0.02) during mid-day trading on Thursday, hitting GBX 545.20 ($7.12). 4,827,400 shares of the company traded hands, compared to its average volume of 2,260,000. GVC has a 1-year low of GBX 504 ($6.59) and a 1-year high of GBX 1,151 ($15.04). The company has a debt-to-equity ratio of 64.09, a current ratio of 0.76 and a quick ratio of 0.65. The company has a market capitalization of $3.26 billion and a P/E ratio of -44.69. The firm’s 50 day simple moving average is GBX 613.
Several equities analysts recently weighed in on the stock. Numis Securities reiterated a “buy” rating and issued a GBX 961 ($12.56) price target on shares of GVC in a report on Wednesday, June 12th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,100 ($14.37) price target on shares of GVC in a report on Monday, July 1st. Berenberg Bank cut their price target on shares of GVC from GBX 1,130 ($14.77) to GBX 1,100 ($14.37) and set a “buy” rating on the stock in a report on Wednesday. Barclays increased their price target on shares of GVC from GBX 887 ($11.59) to GBX 900 ($11.76) and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Shore Capital reiterated a “buy” rating on shares of GVC in a report on Thursday. Thirteen equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of GBX 1,059.67 ($13.85).
GVC Holdings PLC, together with its subsidiaries, operates as an online gaming company in Germany, the United Kingdom, rest of Europe, and internationally. It operates through Sports Labels, Games Labels, B2B, and Non-Core segments. The company provides online betting, casino, poker, and bingo services through mobile and web under the Bwin brand; sports betting, casinos, games, and poker through online and mobile under the Sportingbet brand; and online bingo, sportsbook, casino, and poker access under the Betboo brand, as well as operates an online casino Website for German-speaking markets under the CasinoClub brand.
Further Reading: Special Dividends
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