Inchcape plc (LON:INCH) Increases Dividend to GBX 24.30 Per Share

Inchcape plc (LON:INCH) announced a dividend on Tuesday, March 5th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 2nd will be paid a dividend of GBX 24.30 ($0.31) per share on Monday, June 17th. This represents a dividend yield of 3.57%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a boost from Inchcape’s previous dividend of $9.60. The official announcement can be seen at this link.

Inchcape Trading Up 0.2 %

Shares of LON INCH opened at GBX 805.50 ($10.12) on Tuesday. Inchcape has a 1-year low of GBX 597.50 ($7.51) and a 1-year high of GBX 1,086.62 ($13.65). The company has a debt-to-equity ratio of 106.79, a current ratio of 1.06 and a quick ratio of 0.51. The business’s 50 day moving average is GBX 696.66 and its two-hundred day moving average is GBX 684.55. The stock has a market capitalization of £3.33 billion, a P/E ratio of 1,237.69, a PEG ratio of 2.06 and a beta of 1.22.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on INCH shares. Berenberg Bank restated a “buy” rating and set a GBX 1,040 ($13.06) price target on shares of Inchcape in a report on Thursday, April 25th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,050 ($13.19) price target on shares of Inchcape in a report on Thursday, April 4th.

Insider Transactions at Inchcape

In related news, insider Byron Elmer Grote bought 7,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were acquired at an average cost of GBX 637 ($8.00) per share, for a total transaction of £44,590 ($56,010.55). In related news, insider Duncan Tait acquired 9,590 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average price of GBX 622 ($7.81) per share, with a total value of £59,649.80 ($74,927.52). Also, insider Byron Elmer Grote purchased 7,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were purchased at an average cost of GBX 637 ($8.00) per share, with a total value of £44,590 ($56,010.55). Company insiders own 11.43% of the company’s stock.

Inchcape Company Profile

Inchcape plc operates as an automotive distributor and retailer. It engages in the distribution, sales, and marketing of new and used cars, and parts. The company also provides aftersales service and body shop repairs; and finance and insurance products and services. It operates in the Asia Pacific, the United Kingdom, rest of Europe, the Americas, and Africa.