Burberry Group plc (LON:BRBY) Increases Dividend to GBX 35.40 Per Share

Burberry Group plc (LON:BRBYGet Rating) announced a dividend on Wednesday, May 18th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 30th will be given a dividend of GBX 35.40 ($0.44) per share on Friday, August 5th. This represents a dividend yield of 2.24%. The ex-dividend date is Thursday, June 30th. This is a boost from Burberry Group’s previous dividend of $11.60. The official announcement can be seen at this link.

LON BRBY opened at GBX 1,578 ($19.45) on Wednesday. Burberry Group has a 52 week low of GBX 1,473.50 ($18.16) and a 52 week high of GBX 2,267 ($27.95). The firm has a market capitalization of £6.26 billion and a P/E ratio of 13.64. The company has a quick ratio of 1.96, a current ratio of 2.60 and a debt-to-equity ratio of 92.56. The company has a 50-day moving average price of GBX 1,615.02 and a 200-day moving average price of GBX 1,771.01.

In other news, insider Matthew Key bought 3,140 shares of the stock in a transaction dated Friday, March 11th. The stock was purchased at an average cost of GBX 1,581 ($19.49) per share, for a total transaction of £49,643.40 ($61,197.49). Also, insider Gerry M. Murphy bought 5,000 shares of the stock in a transaction dated Monday, March 14th. The shares were purchased at an average price of GBX 1,613 ($19.88) per share, with a total value of £80,650 ($99,420.61).

BRBY has been the subject of a number of recent research reports. Barclays reiterated an “equal weight” rating and set a GBX 1,960 ($24.16) price objective on shares of Burberry Group in a research note on Friday, April 1st. Berenberg Bank reiterated a “hold” rating and set a GBX 2,050 ($25.27) price objective on shares of Burberry Group in a research note on Monday, January 31st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Burberry Group in a research note on Tuesday, February 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 1,940 ($23.92) price objective on shares of Burberry Group in a research note on Monday, April 11th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Burberry Group in a research note on Wednesday, May 11th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 2,229.17 ($27.48).

Burberry Group Company Profile (Get Rating)

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It offers women, men, and children apparels, as well as accessories. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks.

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Dividend History for Burberry Group (LON:BRBY)

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