Mears Group plc (LON:MER) to Issue Dividend Increase – GBX 9.30 Per Share

Mears Group plc (LON:MER) declared a dividend on Thursday, April 25th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 27th will be paid a dividend of GBX 9.30 ($0.11) per share on Tuesday, July 16th. This represents a yield of 2.66%. The ex-dividend date is Thursday, June 27th. This is a positive change from Mears Group’s previous dividend of $3.70. The official announcement can be accessed at this link.

Mears Group Stock Performance

LON MER opened at GBX 351 ($4.34) on Friday. The firm’s fifty day moving average price is GBX 358.64 and its two-hundred day moving average price is GBX 318.66. The stock has a market cap of £342.08 million, a PE ratio of 1,349.70, a PEG ratio of 0.68 and a beta of 1.18. Mears Group has a fifty-two week low of GBX 207.50 ($2.56) and a fifty-two week high of GBX 379.50 ($4.69). The company has a debt-to-equity ratio of 145.24, a quick ratio of 0.92 and a current ratio of 0.96.

Analysts Set New Price Targets

Separately, Numis Securities boosted their target price on shares of Mears Group from GBX 375 ($4.63) to GBX 420 ($5.19) and gave the stock an “add” rating in a research note on Thursday, April 11th.

About Mears Group

Mears Group plc, through its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. It offers rapid-response and planned maintenance services to local authorities; gas and repair services; and maintenance and repairs, capital works, energy investment, and regeneration solutions for public buildings, as well as grounds maintenance services.