Inchcape plc (LON:INCH) Increases Dividend to GBX 16.10 Per Share

Inchcape plc (LON:INCHGet Rating) announced a dividend on Thursday, February 24th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 12th will be given a dividend of GBX 16.10 ($0.20) per share on Tuesday, June 21st. This represents a dividend yield of 1.99%. The ex-dividend date is Thursday, May 12th. This is an increase from Inchcape’s previous dividend of $6.40. The official announcement can be viewed at this link.

LON INCH opened at GBX 705.50 ($8.70) on Tuesday. The company has a quick ratio of 0.50, a current ratio of 1.20 and a debt-to-equity ratio of 123.19. The stock has a market capitalization of £2.67 billion and a PE ratio of 23.68. The company has a 50 day moving average price of GBX 682.73 and a two-hundred day moving average price of GBX 794.12. Inchcape has a 12-month low of GBX 615 ($7.58) and a 12-month high of GBX 940.50 ($11.60).

In related news, insider Till Vestring bought 336 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The shares were acquired at an average price of GBX 746 ($9.20) per share, with a total value of £2,506.56 ($3,090.32). Also, insider Gijsbert de Zoeten bought 20,871 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The shares were bought at an average cost of GBX 702 ($8.65) per share, for a total transaction of £146,514.42 ($180,636.69). Insiders bought 29,207 shares of company stock valued at $20,550,098 over the last 90 days.

INCH has been the subject of a number of analyst reports. Peel Hunt reiterated a “buy” rating and issued a GBX 1,000 ($12.33) target price on shares of Inchcape in a research note on Friday, February 11th. Barclays reiterated an “overweight” rating and issued a GBX 910 ($11.22) target price on shares of Inchcape in a research note on Friday, February 25th.

About Inchcape (Get Rating)

Inchcape plc operates as an automotive distributor and retailer. The company engages in the distribution, sales, and marketing of new and used cars, and parts. It also provides aftersales service and body shop repairs; and finance and insurance products and services. The company operates in the Asia Pacific, the United Kingdom, rest of Europe, the Americas, and Africa.

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Dividend History for Inchcape (LON:INCH)

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