ConvaTec Group PLC (LON:CTEC) to Issue Dividend Increase – $0.05 Per Share

ConvaTec Group PLC (LON:CTEC) announced a dividend on Wednesday, February 26th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 17th will be given a dividend of $0.05 per share on Thursday, May 29th. This represents a dividend yield of 1.36%. The ex-dividend date is Thursday, April 17th. This is a 152.1% increase from ConvaTec Group’s previous dividend of $0.02. The official announcement can be seen at this link.

ConvaTec Group Price Performance

Shares of LON CTEC opened at GBX 258.82 ($3.41) on Tuesday. The firm has a market cap of £6.58 billion, a P/E ratio of 43.59, a PEG ratio of 0.93 and a beta of 0.64. ConvaTec Group has a twelve month low of GBX 211.80 ($2.79) and a twelve month high of GBX 288.80 ($3.81). The company has a quick ratio of 0.96, a current ratio of 2.26 and a debt-to-equity ratio of 85.32. The company has a 50 day moving average of GBX 251.28 and a 200 day moving average of GBX 237.44.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 310 ($4.09) price target on shares of ConvaTec Group in a research note on Wednesday, March 5th.

Insider Activity at ConvaTec Group

In related news, insider Karim Bitar sold 132,253 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of GBX 256 ($3.38), for a total transaction of £338,567.68 ($446,423.63). 19.65% of the stock is owned by insiders.

ConvaTec Group Company Profile

ConvaTec Group PLC engages in the development, manufacturing, and sale of medical products, services, and technologies in Europe, North America, and internationally. The company offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, and acute conditions resulting from traumatic injury and burns.