Smiths News plc (LON:SNWS) to Issue Dividend of GBX 1.75

Smiths News plc (LON:SNWS) announced a dividend on Thursday, May 2nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 6th will be paid a dividend of GBX 1.75 ($0.02) per share on Thursday, July 4th. This represents a dividend yield of 3.28%. The ex-dividend date is Thursday, June 6th. The official announcement can be viewed at this link.

Smiths News Trading Up 2.6 %

Shares of LON:SNWS traded up GBX 1.40 ($0.02) during midday trading on Thursday, hitting GBX 54.80 ($0.69). The stock had a trading volume of 1,248,012 shares, compared to its average volume of 248,694. The company has a market capitalization of £135.74 million, a PE ratio of 548.89, a P/E/G ratio of 0.29 and a beta of 0.80. The stock has a 50 day moving average price of GBX 48.96 and a two-hundred day moving average price of GBX 48.86. Smiths News has a 1 year low of GBX 40 ($0.50) and a 1 year high of GBX 57 ($0.72).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group started coverage on shares of Smiths News in a report on Thursday, February 29th. They issued a “buy” rating and a GBX 85 ($1.07) target price on the stock.

About Smiths News

Smiths News plc, together with its subsidiaries, engages in the distributing of newspapers and magazines in the United Kingdom and internationally. It operates through Smiths News Core, Dawson Media Direct, Instore, and Other businesses segments. The company supplies inflight entertainment to airlines and travel points.