Marks Electrical Group PLC (LON:MRK) Declares Dividend Increase – GBX 0.66 Per Share

Marks Electrical Group PLC (LON:MRKGet Free Report) declared a dividend on Wednesday, June 26th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 11th will be paid a dividend of GBX 0.66 ($0.01) per share on Thursday, August 15th. This represents a dividend yield of 0.94%. The ex-dividend date is Thursday, July 11th. This is an increase from Marks Electrical Group’s previous dividend of $0.30. The official announcement can be viewed at this link.

Marks Electrical Group Price Performance

LON:MRK opened at GBX 70 ($0.90) on Wednesday. Marks Electrical Group has a 1-year low of GBX 64.50 ($0.83) and a 1-year high of GBX 110 ($1.41). The company has a 50-day moving average of GBX 69.06 and a 200 day moving average of GBX 72.67. The firm has a market cap of £73.47 million, a PE ratio of 1,750.00 and a beta of 0.79. The company has a debt-to-equity ratio of 6.38, a current ratio of 1.47 and a quick ratio of 0.62.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MRK shares. Shore Capital reiterated a “buy” rating on shares of Marks Electrical Group in a research note on Tuesday, April 16th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 100 ($1.28) target price on shares of Marks Electrical Group in a research note on Tuesday, April 16th.

Read Our Latest Report on Marks Electrical Group

Insider Buying and Selling at Marks Electrical Group

In other news, insider Joshua E. T. A. Egan sold 40,000 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of GBX 70 ($0.90), for a total transaction of £28,000 ($35,865.25). In other news, insider Joshua E. T. A. Egan sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of GBX 70 ($0.90), for a total value of £28,000 ($35,865.25). Also, insider Joshua E. T. A. Egan sold 61,279 shares of the stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of GBX 70 ($0.90), for a total transaction of £42,895.30 ($54,944.67). 79.04% of the stock is owned by corporate insiders.

Marks Electrical Group Company Profile

(Get Free Report)

Marks Electrical Group PLC operates as an electrical retailer in the United Kingdom. It sells, delivers, and installs domestic electrical appliances, consumer electronics, and warranty products. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021.

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Dividend History for Marks Electrical Group (LON:MRK)

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