Kering SA (OTCMKTS:PPRUY) Announces Dividend Increase – $0.74 Per Share

Kering SA (OTCMKTS:PPRUYGet Rating) announced a dividend on Saturday, April 23rd, investing.com reports. Stockholders of record on Monday, May 2nd will be paid a dividend of 0.7378 per share on Friday, May 20th. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, April 29th. This is a positive change from Kering’s previous dividend of $0.25.

Shares of PPRUY opened at $56.60 on Friday. Kering has a 1 year low of $54.68 and a 1 year high of $93.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.31 and a quick ratio of 0.92. The company’s 50-day simple moving average is $64.38 and its 200-day simple moving average is $72.61.

A number of research firms recently weighed in on PPRUY. Grupo Santander began coverage on shares of Kering in a research note on Friday, March 4th. They set an “outperform” rating and a €747.00 ($803.23) target price on the stock. UBS Group upped their target price on shares of Kering from €803.00 ($863.44) to €805.00 ($865.59) and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley cut their target price on shares of Kering from €810.00 ($870.97) to €785.00 ($844.09) and set an “equal weight” rating on the stock in a research note on Tuesday, January 18th. Zacks Investment Research lowered shares of Kering from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Finally, Jefferies Financial Group lowered shares of Kering from a “buy” rating to a “hold” rating in a research note on Thursday, February 3rd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Kering currently has a consensus rating of “Buy” and an average target price of $604.00.

About Kering (Get Rating)

Kering SA develops, designs, manufactures, markets, and sells apparel and accessories. The company offers shoes; leather goods, including handbags and wallets, purses, and other leather products; eyewear, textile accessories, etc.; and jewelry and watches, as well as ready-to-wear products for men and women.

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Dividend History for Kering (OTCMKTS:PPRUY)

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