United Utilities Group PLC (UU) Declares Dividend of GBX 13.24

United Utilities Group PLC (LON:UU) announced a dividend on Wednesday, November 22nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 21st will be paid a dividend of GBX 13.24 ($0.18) per share on Thursday, February 1st. This represents a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, December 21st. The official announcement can be accessed at this link.

Shares of United Utilities Group (UU) traded up GBX 16 ($0.22) on Friday, hitting GBX 816 ($10.98). 4,631,511 shares of the stock traded hands, compared to its average volume of 2,490,000. United Utilities Group has a 52-week low of GBX 764.50 ($10.29) and a 52-week high of GBX 1,078 ($14.51).

UU has been the subject of a number of analyst reports. Deutsche Bank reissued a “buy” rating and set a GBX 870 ($11.71) target price on shares of United Utilities Group in a research report on Thursday. J P Morgan Chase & Co decreased their target price on shares of United Utilities Group from GBX 1,070 ($14.40) to GBX 1,000 ($13.46) and set an “overweight” rating for the company in a research report on Thursday, December 7th. Macquarie decreased their target price on shares of United Utilities Group from GBX 1,040 ($14.00) to GBX 963 ($12.96) and set a “neutral” rating for the company in a research report on Thursday, August 31st. Barclays reissued an “equal weight” rating on shares of United Utilities Group in a research report on Tuesday, November 14th. Finally, Credit Suisse Group reissued an “underperform” rating and set a GBX 850 ($11.44) target price on shares of United Utilities Group in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. United Utilities Group presently has an average rating of “Hold” and an average price target of GBX 943.67 ($12.70).

In other United Utilities Group news, insider Russ Houlden sold 4,400 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of GBX 819 ($11.02), for a total value of £36,036 ($48,500.67). Also, insider Simon Gardiner sold 4,843 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of GBX 810 ($10.90), for a total transaction of £39,228.30 ($52,797.17).

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About United Utilities Group

United Utilities Group PLC is a water company. The Company, through its subsidiary, United Utilities Water Limited (United Utilities Water), manages the regulated water and wastewater network in the North West of England, providing services to around seven million people and businesses. It owns over 55,000 hectares of land around its reservoirs.

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