Kitwave Group plc (LON:KITW) Plans Dividend of GBX 3.85

Kitwave Group plc (LON:KITW) declared a dividend on Tuesday, July 2nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 11th will be given a dividend of GBX 3.85 ($0.05) per share on Friday, August 2nd. This represents a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, July 11th. The official announcement can be accessed at this link.

Kitwave Group Price Performance

KITW stock opened at GBX 340.50 ($4.36) on Tuesday. The firm’s 50-day moving average price is GBX 359.60 and its two-hundred day moving average price is GBX 328.12. Kitwave Group has a 12-month low of GBX 236.40 ($3.03) and a 12-month high of GBX 409.50 ($5.25). The stock has a market capitalization of £238.72 million, a price-to-earnings ratio of 1,307.69 and a beta of 0.85. The company has a current ratio of 1.29, a quick ratio of 0.65 and a debt-to-equity ratio of 69.96.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 455 ($5.83) target price on shares of Kitwave Group in a research note on Tuesday, July 2nd.

Kitwave Group Company Profile

Kitwave Group plc engages in the wholesale business in the United Kingdom. It operates in three divisions: Ambient, Frozen & Chilled, and Foodservice. The Ambient division supplies confectionery, soft drinks, crisps and snacks, and tobacco. This division serves independent convenience stores, vending operators, national retailers, and other UK wholesalers.