ME Group International plc (LON:MEGP) Declares Dividend of GBX 4.45

ME Group International plc (LON:MEGP - Get Free Report) declared a dividend on Monday, February 24th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 24th will be given a dividend of GBX 4.45 ($0.06) per share on Friday, May 23rd. This represents a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 29.0% increase from ME Group International's previous dividend of $3.45. The official announcement can be seen at this link.

ME Group International Price Performance

Shares of ME Group International stock opened at GBX 193.80 ($2.59) on Tuesday. The business has a 50-day simple moving average of GBX 195.93 and a 200 day simple moving average of GBX 206.07. The firm has a market capitalization of £736.67 million, a price-to-earnings ratio of 13.92 and a beta of 1.20. ME Group International has a one year low of GBX 155.20 ($2.08) and a one year high of GBX 235.50 ($3.15).

ME Group International (LON:MEGP - Get Free Report) last issued its earnings results on Monday, February 24th. The company reported GBX 14.36 ($0.19) earnings per share for the quarter. ME Group International had a return on equity of 32.52% and a net margin of 17.39%. On average, sell-side analysts expect that ME Group International will post 15.5344418 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their target price on shares of ME Group International from GBX 203 ($2.72) to GBX 235 ($3.14) and gave the stock a "buy" rating in a research report on Tuesday, February 25th.

About ME Group International

ME Group International plc LSE: MEGP operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market. The Group operates vending units across 18 countries and its technological innovation is focused on four principal areas: • Photo.ME - Photobooths and integrated biometric identification solutions • Wash.ME - Unattended laundry services and launderettes • Print.ME - High-quality digital printing kiosks • Feed.ME - Vending equipment for the food service market In addition, the Group operates other vending equipment such as children's rides, amusement machines, and business service equipment. Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by the Group.

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