J Sainsbury plc (LON:SBRY) Raises Dividend to GBX 9.20 Per Share

J Sainsbury plc (LON:SBRY) announced a dividend on Thursday, April 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 6th will be paid a dividend of GBX 9.20 ($0.11) per share by the grocer on Friday, July 12th. This represents a yield of 3.43%. The ex-dividend date of this dividend is Thursday, June 6th. This is a boost from J Sainsbury’s previous dividend of $3.90. The official announcement can be seen at this link.

J Sainsbury Stock Performance

SBRY stock opened at GBX 259.40 ($3.20) on Friday. The firm has a market cap of £6.17 billion, a PE ratio of 8,553.33, a P/E/G ratio of 1.42 and a beta of 0.66. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 93.13. The business has a 50 day moving average of GBX 258.03 and a 200-day moving average of GBX 270.35. J Sainsbury has a 12-month low of GBX 243.80 ($3.01) and a 12-month high of GBX 311.16 ($3.84).

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SBRY shares. Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a report on Friday, April 19th. Jefferies Financial Group raised J Sainsbury to a “buy” rating and set a GBX 300 ($3.71) target price for the company in a report on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 281.67 ($3.48).

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.