ConvaTec Group PLC (LON:CTEC - Get Free Report) announced a dividend on Wednesday, February 26th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 17th will be given a dividend of $0.05 per share on Thursday, May 29th. This represents a yield of 1.36%. The ex-dividend date of this dividend is Thursday, April 17th. This is a 152.1% increase from ConvaTec Group's previous dividend of $0.02. The official announcement can be seen at this link.
ConvaTec Group Stock Down 1.4 %
Shares of CTEC traded down GBX 3.60 ($0.05) during mid-day trading on Friday, reaching GBX 253.40 ($3.37). The company's stock had a trading volume of 3,079,823 shares, compared to its average volume of 20,881,789. The company has a debt-to-equity ratio of 85.32, a current ratio of 2.26 and a quick ratio of 0.96. ConvaTec Group has a 12-month low of GBX 211.80 ($2.82) and a 12-month high of GBX 288.80 ($3.84). The stock has a market cap of £6.44 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 0.93 and a beta of 0.64. The company's 50 day moving average is GBX 252.78 and its 200 day moving average is GBX 238.15.
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 310 ($4.12) price target on shares of ConvaTec Group in a research note on Wednesday, March 5th.
Get Our Latest Research Report on CTEC
Insiders Place Their Bets
In other ConvaTec Group news, insider Karim Bitar sold 132,253 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of GBX 256 ($3.40), for a total transaction of £338,567.68 ($450,163.12). 19.65% of the stock is currently owned by insiders.
About ConvaTec Group
(
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ConvaTec Group PLC engages in the development, manufacturing, and sale of medical products, services, and technologies in Europe, North America, and internationally. The company offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, and acute conditions resulting from traumatic injury and burns.
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