Morgan Sindall Group plc (MGNS) to Issue Dividend of GBX 78 on May 16th

Morgan Sindall Group plc (LON:MGNS) announced a dividend on Thursday, February 22nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 25th will be given a dividend of GBX 78 ($0.96) per share on Thursday, May 16th. This represents a yield of 3.52%. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from Morgan Sindall Group’s previous dividend of $36.00. The official announcement can be accessed at this link.

Morgan Sindall Group Price Performance

Morgan Sindall Group stock opened at GBX 2,320 ($28.66) on Tuesday. Morgan Sindall Group has a 12 month low of GBX 1,604 ($19.81) and a 12 month high of GBX 2,483 ($30.67). The stock’s 50 day moving average is GBX 2,280.03 and its 200-day moving average is GBX 2,157.98. The company has a current ratio of 1.19, a quick ratio of 0.87 and a debt-to-equity ratio of 25.42. The company has a market capitalization of £1.07 billion, a price-to-earnings ratio of 918.00, a PEG ratio of -68.20 and a beta of 1.24.

Wall Street Analyst Weigh In

Separately, Numis Securities upped their target price on Morgan Sindall Group from GBX 2,500 ($30.88) to GBX 3,000 ($37.06) and gave the company a “buy” rating in a research report on Thursday, April 11th.

Insider Activity

In related news, insider Steve Crummett sold 27,541 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of GBX 2,283 ($28.20), for a total transaction of £628,761.03 ($776,631.71). 11.84% of the stock is owned by company insiders.

Morgan Sindall Group Company Profile

Morgan Sindall Group plc operates as a construction and regeneration company in the United Kingdom. It operates through six segments: Construction, Infrastructure, Fit Out, Property Services, Partnership Housing, and Urban Regeneration. The Infrastructure segment provides infrastructure services to highways, rail, energy, water, and nuclear markets.