Marks Electrical Group PLC (LON:MRK) to Issue Dividend of GBX 0.66

Marks Electrical Group PLC (LON:MRK) announced a dividend on Wednesday, June 26th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 11th will be paid a dividend of GBX 0.66 ($0.01) per share on Thursday, August 15th. This represents a dividend yield of 0.94%. The ex-dividend date is Thursday, July 11th. This is a boost from Marks Electrical Group’s previous dividend of $0.30. The official announcement can be seen at this link.

Marks Electrical Group Stock Down 2.8 %

LON:MRK traded down GBX 2 ($0.03) during mid-day trading on Thursday, reaching GBX 70 ($0.89). The stock had a trading volume of 134,161 shares, compared to its average volume of 123,590. The company has a market capitalization of £73.47 million, a price-to-earnings ratio of 1,750.00 and a beta of 0.79. Marks Electrical Group has a 1-year low of GBX 64.50 ($0.82) and a 1-year high of GBX 110 ($1.40). The stock’s 50 day simple moving average is GBX 68.95 and its two-hundred day simple moving average is GBX 73.88. The company has a debt-to-equity ratio of 6.38, a current ratio of 1.47 and a quick ratio of 0.62.

Insider Buying and Selling at Marks Electrical Group

In other news, insider Joshua E. T. A. Egan sold 40,000 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of GBX 70 ($0.89), for a total transaction of £28,000 ($35,519.47). Company insiders own 79.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MRK. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 100 ($1.27) price target on shares of Marks Electrical Group in a report on Tuesday, April 16th. Shore Capital reiterated a “buy” rating on shares of Marks Electrical Group in a research note on Tuesday, April 16th.

About Marks Electrical Group

Marks Electrical Group PLC operates as an electrical retailer in the United Kingdom. It sells, delivers, and installs domestic electrical appliances, consumer electronics, and warranty products. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021.