TT Electronics plc (LON:TTG) Plans Dividend Increase – GBX 3.80 Per Share

TT Electronics plc (LON:TTGGet Rating) declared a dividend on Wednesday, March 9th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 28th will be given a dividend of GBX 3.80 ($0.05) per share on Friday, May 20th. This represents a yield of 2.05%. The ex-dividend date of this dividend is Thursday, April 28th. This is an increase from TT Electronics’s previous dividend of $1.80. The official announcement can be viewed at this link.

TTG stock opened at GBX 202.78 ($2.58) on Tuesday. The company has a market capitalization of £357.51 million and a P/E ratio of 27.85. The company has a debt-to-equity ratio of 51.76, a quick ratio of 1.01 and a current ratio of 2.02. TT Electronics has a 52-week low of GBX 173.59 ($2.21) and a 52-week high of GBX 296.50 ($3.78). The business has a 50-day simple moving average of GBX 204.82 and a two-hundred day simple moving average of GBX 232.16.

A number of equities analysts have issued reports on the company. Barclays cut their price target on TT Electronics from GBX 300 ($3.82) to GBX 270 ($3.44) and set an “overweight” rating for the company in a research note on Wednesday, March 9th. Berenberg Bank reiterated a “buy” rating and set a GBX 280 ($3.57) price target on shares of TT Electronics in a research note on Wednesday, March 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 325 ($4.14) target price on shares of TT Electronics in a research note on Wednesday, April 13th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 289.17 ($3.69).

In other TT Electronics news, insider Richard Tyson sold 39,503 shares of the company’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of GBX 201 ($2.56), for a total transaction of £79,401.03 ($101,199.38).

TT Electronics Company Profile (Get Rating)

TT Electronics plc provides engineered electronics for performance critical applications in the automation and electrification, healthcare, and aerospace and defense markets worldwide. The company operates through three divisions: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.

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Dividend History for TT Electronics (LON:TTG)

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