Greggs plc (LON:GRG) Raises Dividend to GBX 100 Per Share

Greggs plc (LON:GRG) announced a dividend on Tuesday, March 18th, Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, March 20th will be paid a dividend of GBX 100 ($1.30) per share on Thursday, March 27th. This represents a dividend yield of 3.66%. The ex-dividend date is Thursday, March 20th. This is a 100.0% increase from Greggs’s previous dividend of $50.00. The official announcement can be seen at this link.

Greggs Trading Down 0.6 %

Shares of Greggs stock traded down GBX 12 ($0.16) on Tuesday, hitting GBX 1,850 ($24.05). 13,959,284 shares of the company’s stock traded hands, compared to its average volume of 2,319,966. The company has a fifty day moving average of GBX 2,094.22 and a two-hundred day moving average of GBX 2,597.47. The company has a market capitalization of £1.87 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 3.39 and a beta of 1.43. The company has a debt-to-equity ratio of 66.19, a current ratio of 0.80 and a quick ratio of 0.88. Greggs has a one year low of GBX 1,755 ($22.82) and a one year high of GBX 3,250 ($42.25).

Greggs (LON:GRG) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($1.96) EPS for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. As a group, sell-side analysts expect that Greggs will post 142.3763386 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price objective on Greggs from GBX 3,420 ($44.46) to GBX 3,250 ($42.25) and set a “buy” rating on the stock in a research note on Wednesday, March 5th.

Insider Buying and Selling at Greggs

In other Greggs news, insider Nigel Mills purchased 925 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were acquired at an average cost of GBX 2,149 ($27.94) per share, with a total value of £19,878.25 ($25,842.76). Company insiders own 5.89% of the company’s stock.

Greggs Company Profile

Greggs is a leading UK food-on-the-go retailer with more than 2,600 shops nationwide and approximately 33,000 employees across the business.

As a food-on-the-go retailer, Greggs specialises in daily fresh shop-made sandwiches, and savouries baked fresh in the shop ovens throughout the day. These are further complemented by popular products and ranges including freshly ground coffee, breakfast, confectionery and evening menu items.