Marshalls plc (LON:MSLH) Increases Dividend to GBX 5.40 Per Share

Marshalls plc (LON:MSLH - Get Free Report) announced a dividend on Monday, March 17th, DividendData.Co.Uk reports. Stockholders of record on Thursday, June 5th will be given a dividend of GBX 5.40 ($0.07) per share on Tuesday, July 1st. This represents a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, June 5th. This is a 107.7% increase from Marshalls's previous dividend of $2.60. The official announcement can be accessed at this link.

Marshalls Price Performance

Shares of MSLH remained flat at GBX 245 ($3.16) on Friday. The stock had a trading volume of 2,467,263 shares, compared to its average volume of 1,944,741. The firm has a market cap of £616.30 million, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 0.17 and a beta of 1.26. The company has a debt-to-equity ratio of 33.19, a quick ratio of 1.34 and a current ratio of 1.86. Marshalls has a 1-year low of GBX 229 ($2.96) and a 1-year high of GBX 366 ($4.73). The stock's 50 day moving average is GBX 249.23 and its 200-day moving average is GBX 295.30.

Marshalls (LON:MSLH - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported GBX 16 ($0.21) earnings per share for the quarter. Marshalls had a return on equity of 3.32% and a net margin of 3.46%. As a group, equities research analysts forecast that Marshalls will post 18.2342758 earnings per share for the current fiscal year.

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Insider Activity

In related news, insider Justin Lockwood bought 5,000 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were purchased at an average price of GBX 232 ($3.00) per share, with a total value of £11,600 ($14,977.40). Also, insider Simon Bourne sold 14,048 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of GBX 237 ($3.06), for a total value of £33,293.76 ($42,987.42). 2.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 420 ($5.42) price target on shares of Marshalls in a research note on Wednesday, January 22nd.

About Marshalls

Established in the late 1880s, Marshalls plc is a leading UK manufacturer of sustainable solutions for the built environment. It operates through three trading divisions: Landscape Products; Roofing Products; and Building Products. At a Group, divisional and brand level, Marshalls' strategy centres around its customers who value its unique set of capabilities, namely leading brands, best in class technical and design support and carbon leadership.