Morgan Sindall Group plc (LON:MGNS) Raises Dividend to GBX 62 Per Share

Morgan Sindall Group plc (LON:MGNS – Get Rating) declared a dividend on Thursday, February 24th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 28th will be paid a dividend of GBX 62 ($0.79) per share on Wednesday, May 18th. This represents a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, April 28th. This is a boost from Morgan Sindall Group’s previous dividend of $30.00. The official announcement can be seen at this link.

Shares of MGNS opened at GBX 2,325 ($29.63) on Tuesday. The firm has a market capitalization of £1.08 billion and a price-to-earnings ratio of 11.40. The company has a debt-to-equity ratio of 34.46, a quick ratio of 0.91 and a current ratio of 1.18. Morgan Sindall Group has a one year low of GBX 1,978 ($25.21) and a one year high of GBX 2,730 ($34.79). The stock’s fifty day moving average is GBX 2,310.99 and its 200-day moving average is GBX 2,330.62.

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 2,700 ($34.41) target price on shares of Morgan Sindall Group in a report on Friday, February 11th.

In related news, insider John Christopher Morgan sold 7,137 shares of Morgan Sindall Group stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of GBX 2,270 ($28.93), for a total value of £162,009.90 ($206,487.25). Also, insider Steve Crummett sold 5,944 shares of Morgan Sindall Group stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of GBX 2,330 ($29.70), for a total value of £138,495.20 ($176,516.95). Over the last ninety days, insiders have sold 42,408 shares of company stock worth $97,355,975.

About Morgan Sindall Group (Get Rating)

Morgan Sindall Group plc operates as a construction and regeneration company in the United Kingdom. It operates through five segments: Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, and Urban Regeneration divisions. The Construction & Infrastructure segment provides infrastructure services to highways, rail, energy, water, and nuclear markets; and construction services in education, healthcare, commercial, defense, industrial, leisure, and retail markets.

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