M.P. Evans Group PLC (LON:MPE) Declares Dividend Increase - GBX 37.50 Per Share

M.P. Evans Group PLC (LON:MPE - Get Free Report) announced a dividend on Tuesday, March 25th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 24th will be given a dividend of GBX 37.50 ($0.49) per share on Thursday, June 19th. This represents a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 150.0% increase from M.P. Evans Group's previous dividend of $15.00. The official announcement can be viewed at this link.

M.P. Evans Group Price Performance

Shares of LON:MPE remained flat at GBX 1,000 ($12.94) during midday trading on Friday. The company had a trading volume of 32,095 shares, compared to its average volume of 52,419. The business's 50 day moving average price is GBX 1,029.06 and its two-hundred day moving average price is GBX 973.65. The company has a market capitalization of £649.12 million, a price-to-earnings ratio of 10.07 and a beta of 0.69. The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.89. M.P. Evans Group has a 12 month low of GBX 792 ($10.25) and a 12 month high of GBX 1,130 ($14.63).

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their target price on shares of M.P. Evans Group from GBX 1,400 ($18.12) to GBX 1,500 ($19.41) and gave the stock a "buy" rating in a research note on Friday.

About M.P. Evans Group

M.P. Evans Group PLC is a responsible producer of certified sustainable crude palm oil (“CPO”), with plantations in five Indonesian provinces: Aceh, Bangka Belitung, East Kalimantan, North Sumatra and South Sumatra. Headquartered in the UK, the Group's shares are traded on the London Stock Exchange's Alternative Investment Market (“AIM”).