Chemring Group PLC (LON:CHG) Plans Dividend of GBX 5.20

Chemring Group PLC (LON:CHG - Get Free Report) announced a dividend on Tuesday, December 17th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, March 20th will be given a dividend of GBX 5.20 ($0.07) per share on Friday, April 11th. This represents a dividend yield of 1.44%. The ex-dividend date is Thursday, March 20th. This is an increase from Chemring Group's previous dividend of $2.60. The official announcement can be viewed at this link.

Chemring Group Price Performance

Shares of Chemring Group stock traded down GBX 47 ($0.60) on Tuesday, hitting GBX 314.50 ($3.99). The company had a trading volume of 3,617,586 shares, compared to its average volume of 777,681. Chemring Group has a 52 week low of GBX 309.01 ($3.92) and a 52 week high of GBX 428 ($5.43). The company has a debt-to-equity ratio of 22.77, a current ratio of 1.27 and a quick ratio of 0.71. The company has a market cap of £852.36 million, a PE ratio of 2,903.36, a PEG ratio of 1.99 and a beta of 0.68. The business has a 50-day simple moving average of GBX 361.52 and a 200-day simple moving average of GBX 378.20.

Insider Activity

In related news, insider James Mortensen purchased 9,125 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of GBX 329 ($4.17) per share, with a total value of £30,021.25 ($38,088.37). Insiders own 1.69% of the company's stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 470 ($5.96) price target on shares of Chemring Group in a research note on Tuesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 429.50 ($5.45).

Chemring Group Company Profile

Chemring Group PLC provides countermeasures, sensors, information, and energetic products in the United States, the United Kingdom, Europe, the Asia pacific, and internationally. The company offers sensors and information products, such as point chemical detector, sensor, JSLSCAD, and I-SCAD; miniature radar altimeter, R Visor, 3D radars, husky mounted detection system, groundshark, MDS-10, and groundhunters; resolve, locate, LOCATE-T, and viper products; and advisory, research, and design and engineering services.