Connect Group PLC (LON:CNCT) Plans Dividend of GBX 1

Connect Group PLC (LON:CNCT) declared a dividend on Wednesday, November 6th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, January 16th will be paid a dividend of GBX 1 ($0.01) per share on Thursday, February 13th. This represents a dividend yield of 3.44%. The ex-dividend date is Thursday, January 16th. The official announcement can be seen at this link.

Shares of LON:CNCT opened at GBX 28.60 ($0.37) on Thursday. Connect Group has a twelve month low of GBX 27.50 ($0.36) and a twelve month high of GBX 46.10 ($0.60). The stock’s 50 day moving average is GBX 35.09 and its 200-day moving average is GBX 37.22. The firm has a market capitalization of $70.84 million and a price-to-earnings ratio of -1.65.

Separately, Peel Hunt reaffirmed a “hold” rating on shares of Connect Group in a research report on Wednesday.

In other news, insider Gary Kennedy bought 200,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were bought at an average cost of GBX 29 ($0.38) per share, with a total value of £58,000 ($75,787.27).

About Connect Group

Connect Group PLC engages in the distribution of newspapers, magazines, and books products in the United Kingdom and internationally. The company operates through News & Media: News Distribution, News & Media: Media, and Mixed Freight segments. The News & Media: News Distribution segment distributes newspapers and magazines to 27,000 retailers from 39 distribution centers across England and Wales.

See Also: P/E Growth (PEG)

Dividend History for Connect Group (LON:CNCT)

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