Mears Group plc (LON:MER) Plans Dividend Increase – GBX 9.30 Per Share

Mears Group plc (LON:MER) declared a dividend on Thursday, April 25th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 27th will be paid a dividend of GBX 9.30 ($0.11) per share on Tuesday, July 16th. This represents a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, June 27th. This is a positive change from Mears Group’s previous dividend of $3.70. The official announcement can be accessed at this link.

Mears Group Trading Up 1.4 %

Shares of MER opened at GBX 355 ($4.38) on Friday. Mears Group has a 1 year low of GBX 207.50 ($2.56) and a 1 year high of GBX 379.50 ($4.69). The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 145.24. The stock has a 50 day simple moving average of GBX 358.64 and a 200-day simple moving average of GBX 318.66. The stock has a market cap of £345.98 million, a PE ratio of 1,365.38, a PEG ratio of 0.68 and a beta of 1.18.

Wall Street Analyst Weigh In

Separately, Numis Securities increased their target price on Mears Group from GBX 375 ($4.63) to GBX 420 ($5.19) and gave the stock an “add” rating in a report on Thursday, April 11th.

Insider Transactions at Mears Group

In related news, insider Andrew C. M. Smith bought 20,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was acquired at an average cost of GBX 351 ($4.34) per share, with a total value of £70,200 ($86,709.49). 2.01% of the stock is currently owned by insiders.

About Mears Group

Mears Group plc, through its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. It offers rapid-response and planned maintenance services to local authorities; gas and repair services; and maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings, as well as grounds maintenance services.