Mondi plc (LON:MNDI) to Issue Dividend Increase – €0.47 Per Share

Mondi plc (LON:MNDI) announced a dividend on Thursday, February 20th, DividendData.Co.Uk reports. Investors of record on Thursday, April 3rd will be given a dividend of €0.47 ($0.51) per share on Friday, May 16th. This represents a yield of 3.14%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a 100.0% increase from Mondi’s previous dividend of $0.23. The official announcement can be accessed at this link.

Mondi Price Performance

LON MNDI opened at GBX 1,162.50 ($15.02) on Tuesday. The firm’s fifty day simple moving average is GBX 1,242.59 and its two-hundred day simple moving average is GBX 1,262.55. The firm has a market capitalization of £6.11 billion, a P/E ratio of 15.81, a P/E/G ratio of 0.76 and a beta of 0.68. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00. Mondi has a 12-month low of GBX 1,134.50 ($14.66) and a 12-month high of GBX 1,618 ($20.90).

Insider Buying and Selling

In other news, insider Andrew King bought 24 shares of Mondi stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of GBX 1,287 ($16.63) per share, for a total transaction of £308.88 ($399.07). Insiders purchased 62 shares of company stock worth $76,374 in the last three months. Corporate insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup reduced their target price on Mondi from GBX 1,600 ($20.67) to GBX 1,550 ($20.03) and set a “buy” rating on the stock in a research report on Tuesday, February 25th.

About Mondi

Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, Australia, and internationally. The company operates in three segments: Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper.