WPP plc (LON:WPP) to Issue GBX 15 Dividend

WPP plc (LON:WPP) announced a dividend on Wednesday, August 7th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 10th will be given a dividend of GBX 15 ($0.19) per share on Friday, November 1st. This represents a yield of 2.09%. The ex-dividend date of this dividend is Thursday, October 10th. The official announcement can be viewed at this link.

WPP Price Performance

Shares of WPP stock opened at GBX 697 ($8.91) on Wednesday. WPP has a 52 week low of GBX 656 ($8.38) and a 52 week high of GBX 856.80 ($10.95). The stock has a market capitalization of £7.53 billion, a PE ratio of 6,970.00, a PEG ratio of 13.47 and a beta of 1.11. The company has a debt-to-equity ratio of 179.40, a quick ratio of 0.89 and a current ratio of 0.86. The stock’s fifty day moving average is GBX 749.53 and its 200-day moving average is GBX 762.01.

Analysts Set New Price Targets

A number of equities research analysts have commented on WPP shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of WPP from GBX 998 ($12.75) to GBX 990 ($12.65) and set a “buy” rating on the stock in a report on Friday, June 28th. Citigroup reissued a “buy” rating on shares of WPP in a research note on Friday, June 28th. Finally, Shore Capital restated a “buy” rating on shares of WPP in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, WPP presently has an average rating of “Moderate Buy” and a consensus target price of GBX 920 ($11.76).

About WPP

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.