GlaxoSmithKline plc Announces Dividend of GBX 19 (GSK)

GlaxoSmithKline plc (LON:GSK) announced a dividend on Wednesday, May 1st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 16th will be given a dividend of GBX 19 ($0.25) per share on Thursday, July 11th. This represents a dividend yield of 1.22%. The ex-dividend date is Thursday, May 16th. The official announcement can be accessed at this link.

GSK opened at GBX 1,502 ($19.63) on Friday. GlaxoSmithKline has a one year low of GBX 1,408.80 ($18.41) and a one year high of GBX 1,648.80 ($21.54). The company has a current ratio of 0.72, a quick ratio of 0.45 and a debt-to-equity ratio of 942.07. The company has a market cap of $74.30 billion and a PE ratio of 19.13.

In other news, insider Manvinder Singh Banga bought 458 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of GBX 1,568 ($20.49) per share, for a total transaction of £7,181.44 ($9,383.82). Also, insider Emma Walmsley sold 66,159 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of GBX 1,585 ($20.71), for a total transaction of £1,048,620.15 ($1,370,207.96). Over the last quarter, insiders acquired 3,486 shares of company stock worth $5,402,516.

Several equities analysts recently weighed in on the stock. UBS Group restated a “neutral” rating and issued a GBX 1,630 ($21.30) price objective on shares of GlaxoSmithKline in a report on Thursday, May 2nd. Deutsche Bank restated a “hold” rating and issued a GBX 1,550 ($20.25) price objective on shares of GlaxoSmithKline in a report on Friday, May 3rd. Shore Capital restated a “hold” rating on shares of GlaxoSmithKline in a report on Thursday, May 2nd. Credit Suisse Group set a GBX 1,600 ($20.91) price objective on shares of GlaxoSmithKline and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Liberum Capital restated a “hold” rating on shares of GlaxoSmithKline in a report on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 1,526.14 ($19.94).

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About GlaxoSmithKline

GlaxoSmithKline plc engages in the creation, discovery, development, manufacture, and marketing of pharmaceutical products, vaccines, over-the-counter medicines, and health-related consumer products in the United Kingdom, the United States, and internationally. It operates through four segments: Pharmaceuticals, Pharmaceuticals R&D, Vaccines, and Consumer Healthcare.

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Dividend History for GlaxoSmithKline (LON:GSK)

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