Tesco PLC (LON:TSCO) Increases Dividend to GBX 7.70 Per Share

Tesco PLC (LON:TSCOGet Rating) announced a dividend on Wednesday, April 13th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 19th will be paid a dividend of GBX 7.70 ($0.10) per share by the retailer on Friday, June 24th. This represents a yield of 2.85%. The ex-dividend date of this dividend is Thursday, May 19th. This is a positive change from Tesco’s previous dividend of $3.20. The official announcement can be accessed at this link.

Shares of TSCO opened at GBX 258.76 ($3.37) on Wednesday. The firm has a 50-day simple moving average of GBX 282.20 and a two-hundred day simple moving average of GBX 280.84. The stock has a market cap of £19.73 billion and a PE ratio of 3.20. Tesco has a 1-year low of GBX 219.40 ($2.86) and a 1-year high of GBX 304.10 ($3.96). The company has a debt-to-equity ratio of 116.80, a current ratio of 0.76 and a quick ratio of 0.59.

A number of research firms have commented on TSCO. Berenberg Bank upped their price target on Tesco from GBX 308 ($4.01) to GBX 327 ($4.26) and gave the stock a “buy” rating in a research note on Monday, January 31st. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 330 ($4.30) price target on shares of Tesco in a research note on Wednesday, January 5th. Morgan Stanley reissued an “overweight” rating on shares of Tesco in a report on Friday, March 25th. Shore Capital reiterated a “buy” rating on shares of Tesco in a research note on Monday. Finally, Barclays reiterated an “overweight” rating and issued a GBX 325 ($4.24) target price on shares of Tesco in a research note on Thursday, February 24th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 320.50 ($4.18).

Tesco Company Profile (Get Rating)

Tesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products in stores and online; and operates mobile virtual network. The company is also involved in the food wholesaling activities; and provision of banking, insurance, and money services.

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Dividend History for Tesco (LON:TSCO)

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