Smiths News plc (LON:SNWS) Plans Dividend of GBX 5.40

Smiths News plc (LON:SNWS - Get Free Report) declared a dividend on Tuesday, November 5th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, January 9th will be given a dividend of GBX 5.40 ($0.07) per share on Thursday, February 6th. This represents a dividend yield of 9.47%. The ex-dividend date of this dividend is Thursday, January 9th. This is a boost from Smiths News's previous dividend of $1.75. The official announcement can be seen at this link.

Smiths News Stock Up 8.4 %

Shares of LON:SNWS traded up GBX 4.80 ($0.06) during trading on Tuesday, hitting GBX 61.80 ($0.80). 13,257,592 shares of the stock traded hands, compared to its average volume of 519,294. The company has a market cap of £146.52 million, a price-to-earnings ratio of 686.67, a P/E/G ratio of 0.29 and a beta of 0.83. The company has a fifty day moving average price of GBX 57.48 and a two-hundred day moving average price of GBX 58.39. Smiths News has a 52-week low of GBX 45 ($0.59) and a 52-week high of GBX 67.80 ($0.88).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 95 ($1.24) price objective on shares of Smiths News in a research note on Tuesday.

Smiths News Company Profile

Smiths News plc, together with its subsidiaries, engages in the distributing of newspapers and magazines in the United Kingdom and internationally. It operates through Smiths News Core, Dawson Media Direct, Instore, and Other businesses segments. The company supplies inflight entertainment to airlines and travel points.