J Sainsbury plc (LON:SBRY) Increases Dividend to GBX 9.20 Per Share

J Sainsbury plc (LON:SBRY) declared a dividend on Thursday, April 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 6th will be paid a dividend of GBX 9.20 ($0.11) per share by the grocer on Friday, July 12th. This represents a yield of 3.43%. The ex-dividend date is Thursday, June 6th. This is an increase from J Sainsbury’s previous dividend of $3.90. The official announcement can be viewed at this link.

J Sainsbury Price Performance

J Sainsbury stock opened at GBX 261.19 ($3.23) on Thursday. The stock has a fifty day moving average of GBX 257.69 and a 200-day moving average of GBX 270.37. The stock has a market capitalization of £6.22 billion, a P/E ratio of 8,933.33, a price-to-earnings-growth ratio of 1.42 and a beta of 0.66. The company has a debt-to-equity ratio of 93.13, a quick ratio of 0.53 and a current ratio of 0.72. J Sainsbury has a 52 week low of GBX 243.80 ($3.01) and a 52 week high of GBX 311.16 ($3.84).

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SBRY shares. Shore Capital restated a “house stock” rating on shares of J Sainsbury in a research note on Friday, April 19th. Jefferies Financial Group upgraded shares of J Sainsbury to a “buy” rating and set a GBX 300 ($3.71) target price on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, J Sainsbury presently has an average rating of “Hold” and an average price target of GBX 281.67 ($3.48).

J Sainsbury Company Profile

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.