WM Morrison Supermarkets PLC (MRW) Issues Dividend of GBX 8.75

WM Morrison Supermarkets PLC (MRW) Issues Dividend of GBX 8.75

Shares of LON:MRW opened at GBX 225.95 ($2.95) on Thursday. WM Morrison Supermarkets has a twelve month low of GBX 205 ($2.68) and a twelve month high of GBX 254.40 ($3.32).

WM Morrison Supermarkets PLC (LON:MRW) announced a dividend on Wednesday, March 13th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 23rd will be paid a dividend of GBX 8.75 ($0.11) per share by the grocer on Monday, July 1st. This represents a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, May 23rd. This is a positive change from WM Morrison Supermarkets’s previous dividend of $3.85. The official announcement can be accessed at this link.

In related news, insider Andrew Higginson acquired 63,560 shares of the company’s stock in a transaction on Thursday, January 31st. The shares were purchased at an average price of GBX 236 ($3.08) per share, for a total transaction of £150,001.60 ($196,003.66).

MRW has been the subject of several recent research reports. UBS Group cut their target price on shares of WM Morrison Supermarkets from GBX 295 ($3.85) to GBX 290 ($3.79) and set a “buy” rating for the company in a research note on Wednesday, January 2nd. Berenberg Bank cut their target price on shares of WM Morrison Supermarkets from GBX 285 ($3.72) to GBX 265 ($3.46) and set a “buy” rating for the company in a research note on Thursday, February 21st. HSBC increased their target price on shares of WM Morrison Supermarkets from GBX 240 ($3.14) to GBX 265 ($3.46) and gave the company a “buy” rating in a research note on Wednesday, February 6th. Citigroup reissued a “neutral” rating on shares of WM Morrison Supermarkets in a research note on Thursday. Finally, Morgan Stanley initiated coverage on shares of WM Morrison Supermarkets in a research note on Thursday, February 7th. They set an “equal weight” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 256.82 ($3.36).

WM Morrison Supermarkets Company Profile

Wm Morrison Supermarkets PLC operates retail super stores under the Morrisons brand name in the United Kingdom. The company is involved in in-store and online grocery retailing activities. It also manufactures and distributes fresh food, and morning goods and bread; prepares and supplies seafood; processes fresh meat; invests in, develops, and maintains properties; and offers insurance and leasing services, as well as holds pharmaceutical license.

Further Reading: Why are percentage decliners important?

Related posts

Leave a Comment