NEXT plc (LON:NXT) Announces Dividend Increase - GBX 208 Per Share

NEXT plc (LON:NXT - Get Free Report) declared a dividend on Thursday, March 27th, Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, July 17th will be given a dividend of GBX 208 ($2.69) per share on Monday, August 25th. This represents a yield of 1.08%. The ex-dividend date of this dividend is Thursday, July 17th. This is a 177.3% increase from NEXT's previous dividend of $75.00. The official announcement can be seen at this link.

NEXT Stock Down 0.3 %

Shares of NXT traded down GBX 35 ($0.45) during trading hours on Friday, reaching £110 ($142.38). The company's stock had a trading volume of 7,386,125 shares, compared to its average volume of 1,046,501. The company has a 50 day moving average of GBX 9,859.02 and a two-hundred day moving average of GBX 9,874.30. NEXT has a 1-year low of GBX 8,598 ($111.29) and a 1-year high of £111.04 ($143.72). The firm has a market cap of £12.95 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 5.66 and a beta of 1.37. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 76.08.

NEXT (LON:NXT - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The company reported GBX 615.10 ($7.96) earnings per share for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. As a group, research analysts predict that NEXT will post 660.7526882 EPS for the current fiscal year.

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Wall Street Analyst Weigh In

Separately, Shore Capital reissued a "buy" rating on shares of NEXT in a research report on Thursday.

NEXT Company Profile

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers. NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East.