Serco Group plc (SRP) to Issue Dividend of GBX 2.82 on May 9th

Serco Group plc (LON:SRP) declared a dividend on Thursday, February 27th, DividendData.Co.Uk reports. Investors of record on Thursday, April 10th will be paid a dividend of GBX 2.82 ($0.04) per share on Friday, May 9th. This represents a yield of 1.77%. The ex-dividend date is Thursday, April 10th. This is a 110.4% increase from Serco Group’s previous dividend of $1.34. The official announcement can be seen at this link.

Serco Group Price Performance

Shares of LON SRP opened at GBX 156.10 ($1.99) on Tuesday. Serco Group has a fifty-two week low of GBX 136.20 ($1.73) and a fifty-two week high of GBX 196.40 ($2.50). The company has a market cap of £1.58 billion, a PE ratio of 12.16, a P/E/G ratio of 3.06 and a beta of 0.38. The company has a debt-to-equity ratio of 62.40, a quick ratio of 0.98 and a current ratio of 0.91. The business has a 50-day simple moving average of GBX 159.31 and a two-hundred day simple moving average of GBX 161.20.

Serco Group (LON:SRP) last posted its quarterly earnings data on Thursday, February 27th. The company reported GBX 16.67 ($0.21) EPS for the quarter. Serco Group had a net margin of 2.87% and a return on equity of 13.70%. As a group, equities analysts expect that Serco Group will post 17.552759 EPS for the current fiscal year.

Insider Activity

In other news, insider Nigel Crossley sold 45,409 shares of the business’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of GBX 157 ($2.00), for a total value of £71,292.13 ($90,748.64). Insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “hold” rating on shares of Serco Group in a report on Friday, February 7th.

About Serco Group