NEXT/ADR (OTCMKTS:NXGPY) Plans Dividend Increase – $0.33 Per Share

NEXT/ADR (OTCMKTS:NXGPY) announced a Semi-Annual dividend on Monday, November 25th, Zacks reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.334 per share on Thursday, January 16th. The ex-dividend date is Thursday, December 5th. This is a boost from NEXT/ADR’s previous Semi-Annual dividend of $0.31.

Shares of OTCMKTS NXGPY remained flat at $$44.77 during mid-day trading on Tuesday. 56 shares of the company traded hands, compared to its average volume of 62. The firm’s 50 day moving average price is $43.62 and its 200-day moving average price is $38.38. NEXT/ADR has a twelve month low of $25.16 and a twelve month high of $45.20. The company has a market cap of $12.59 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 6.18 and a beta of 0.69.

A number of research firms recently weighed in on NXGPY. Zacks Investment Research upgraded shares of NEXT/ADR from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Thursday, October 3rd. ValuEngine lowered NEXT/ADR from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 17th.

About NEXT/ADR

NEXT plc engages in the retail of clothing, footwear, accessories, and/or home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates in seven segments: NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management.

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