Bakkavor Group plc (LON:BAKK) Plans Dividend Increase - GBX 4.80 Per Share

Bakkavor Group plc (LON:BAKK - Get Free Report) announced a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 24th will be paid a dividend of GBX 4.80 ($0.06) per share on Wednesday, May 28th. This represents a dividend yield of 3%. The ex-dividend date is Thursday, April 24th. This is a 50.0% increase from Bakkavor Group's previous dividend of $3.20. The official announcement can be viewed at this link.

Bakkavor Group Stock Down 1.3 %

Shares of LON BAKK opened at GBX 176 ($2.36) on Tuesday. The firm has a 50 day moving average price of GBX 164.76 and a 200 day moving average price of GBX 150.64. The company has a debt-to-equity ratio of 53.92, a quick ratio of 0.43 and a current ratio of 0.62. The stock has a market cap of £1.03 billion, a P/E ratio of 16.03, a P/E/G ratio of 0.61 and a beta of 0.63. Bakkavor Group has a 52-week low of GBX 113.50 ($1.52) and a 52-week high of GBX 193.80 ($2.59).

Bakkavor Group (LON:BAKK - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported GBX 9.60 ($0.13) EPS for the quarter. Bakkavor Group had a return on equity of 10.43% and a net margin of 2.86%. Analysts expect that Bakkavor Group will post 11.5761689 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reissued an "outperform" rating and set a GBX 170 ($2.27) target price on shares of Bakkavor Group in a research note on Thursday, March 13th.

About Bakkavor Group

We are the leading provider of fresh prepared food in the UK, and our presence in the US and China positions the Group well in these high-growth markets. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 18,000 colleagues operate from 43 sites across our three markets supplying a portfolio of over 3,000 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US, and international food brands in China.

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