Jet2 plc (LON:JET2) Declares Dividend of GBX 10.70

Jet2 plc (LON:JET2) announced a dividend on Thursday, July 11th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 19th will be given a dividend of GBX 10.70 ($0.14) per share on Wednesday, October 23rd. This represents a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, September 19th. This is a positive change from Jet2’s previous dividend of $4.00. The official announcement can be accessed at this link.

Jet2 Trading Up 0.4 %

JET2 opened at GBX 1,412 ($18.65) on Tuesday. The company’s 50 day moving average is GBX 1,393.31 and its 200-day moving average is GBX 1,382.58. Jet2 has a 1-year low of GBX 960 ($12.68) and a 1-year high of GBX 1,568 ($20.71). The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 103.30. The company has a market cap of £3.03 billion, a P/E ratio of 827.06, a PEG ratio of 9.34 and a beta of 2.27.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,900 ($25.10) price objective on shares of Jet2 in a report on Thursday, July 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 2,000 ($26.42) price objective on shares of Jet2 in a report on Monday, July 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,800 ($23.78) price objective on shares of Jet2 in a report on Friday, July 12th.

Insiders Place Their Bets

In other news, insider Rachel Kentleton purchased 1,801 shares of the stock in a transaction on Thursday, September 12th. The stock was purchased at an average price of GBX 1,403 ($18.53) per share, for a total transaction of £25,268.03 ($33,379.17). In related news, insider Rachel Kentleton acquired 1,801 shares of Jet2 stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of GBX 1,403 ($18.53) per share, with a total value of £25,268.03 ($33,379.17). Also, insider Robin Terrell acquired 8,557 shares of Jet2 stock in a transaction dated Friday, July 12th. The shares were bought at an average cost of GBX 1,388 ($18.34) per share, with a total value of £118,771.16 ($156,897.17). Company insiders own 17.74% of the company’s stock.

About Jet2

Jet2 plc, together with its subsidiaries, engages in the leisure travel business primarily in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the package holiday and non-ticket retail activities, as well as passenger and charter aircraft operations.