Mears Group plc (LON:MER) Declares Dividend of GBX 9.30

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

Mears Group Stock Up 0.3 %

LON MER opened at GBX 351 ($4.34) on Friday. 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’s 50 day moving average is GBX 358.64 and its two-hundred day moving average is GBX 318.66. The company has a market capitalization of £342.08 million, a price-to-earnings ratio of 1,349.70, a PEG ratio of 0.68 and a beta of 1.18. Mears Group has a 1-year low of GBX 207.50 ($2.56) and a 1-year high of GBX 379.50 ($4.69).

Wall Street Analyst Weigh In

Separately, Numis Securities lifted their target price on shares of Mears Group from GBX 375 ($4.63) to GBX 420 ($5.19) and gave the company an “add” rating in a research note on Thursday, April 11th.

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.