Genuit Group plc (LON:GEN) Increases Dividend to GBX 8.30 Per Share

Posted by Bryan LeMar on Apr 30th, 2024

Genuit Group plc (LON:GEN – Get Free Report) declared a dividend on Tuesday, March 12th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 2nd will be paid a dividend of GBX 8.30 ($0.10) per share on Wednesday, June 5th. This represents a yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from Genuit Group’s previous dividend of $4.10. The official announcement can be accessed at this link.

Genuit Group Price Performance

LON:GEN opened at GBX 440 ($5.53) on Tuesday. The firm has a market cap of £1.10 billion, a P/E ratio of 2,950.00, a price-to-earnings-growth ratio of 3.23 and a beta of 1.28. The stock has a 50 day moving average of GBX 424.27 and a two-hundred day moving average of GBX 378.40. Genuit Group has a 12 month low of GBX 254 ($3.19) and a 12 month high of GBX 452.50 ($5.68). The company has a current ratio of 1.40, a quick ratio of 1.07 and a debt-to-equity ratio of 26.12.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 480 ($6.03) price target on shares of Genuit Group in a research report on Tuesday, March 12th.

View Our Latest Stock Analysis on GEN

Insider Activity

In other Genuit Group news, insider Kevin Boyd bought 11,872 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were acquired at an average cost of GBX 419 ($5.26) per share, with a total value of £49,743.68 ($62,484.21). Company insiders own 3.01% of the company’s stock.

Genuit Group Company Profile

(Get Free Report)

Genuit Group plc develops, manufactures, and sells water, climate, and ventilation management solutions in the United Kingdom, rest of the Europe, and internationally. The company operates through two segments, Residential Systems, and Commercial and Infrastructure Systems. It offers above and below ground drainage systems, rainwater solutions, and various plastic hot and cold plumbing products, as well as commercial ventilation, underfloor heating, hydronic filters, and plastic plumbing systems.