Bakkavor Group plc (LON:BAKK) Announces Dividend Increase – GBX 3.96 Per Share

Bakkavor Group plc (LON:BAKKGet Rating) declared a dividend on Tuesday, March 8th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 28th will be given a dividend of GBX 3.96 ($0.05) per share on Monday, May 30th. This represents a dividend yield of 3.64%. The ex-dividend date is Thursday, April 28th. This is an increase from Bakkavor Group’s previous dividend of $2.64. The official announcement can be viewed at this link.

LON:BAKK opened at GBX 104 ($1.33) on Tuesday. The company has a fifty day simple moving average of GBX 113.49 and a two-hundred day simple moving average of GBX 120.64. The company has a market cap of £602.60 million and a price-to-earnings ratio of 11.35. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 63.24. Bakkavor Group has a 52 week low of GBX 96.80 ($1.23) and a 52 week high of GBX 143.80 ($1.83).

Several equities analysts have commented on BAKK shares. Peel Hunt restated a “buy” rating and issued a GBX 145 ($1.85) price target on shares of Bakkavor Group in a research note on Tuesday, April 12th. Berenberg Bank dropped their price target on shares of Bakkavor Group from GBX 145 ($1.85) to GBX 125 ($1.59) and set a “hold” rating for the company in a research note on Monday, March 21st.

Bakkavor Group Company Profile (Get Rating)

Bakkavor Group plc, together with its subsidiaries, prepares and markets fresh prepared foods in the United Kingdom, the United States, and China. It offers meals, pizzas and breads, desserts, salads, soups and sauces, dips, food-to-go products, fresh cut salads, sandwiches and wraps, and bakery products.

Further Reading

Dividend History for Bakkavor Group (LON:BAKK)

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