Bakkavor Group plc (LON:BAKK) Increases Dividend to GBX 4.80 Per Share

Bakkavor Group plc (LON:BAKK) announced a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 24th will be given a dividend of GBX 4.80 ($0.06) per share on Wednesday, May 28th. This represents a dividend yield of 3%. The ex-dividend date is Thursday, April 24th. This is a 50.0% increase from Bakkavor Group’s previous dividend of $3.20. The official announcement can be seen at this link.

Bakkavor Group Price Performance

Shares of LON:BAKK opened at GBX 176 ($2.36) on Tuesday. The firm has a market capitalization of £1.03 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 0.61 and a beta of 0.63. The company has a debt-to-equity ratio of 53.92, a current ratio of 0.62 and a quick ratio of 0.43. Bakkavor Group has a one year low of GBX 113.50 ($1.52) and a one year high of GBX 193.80 ($2.59). The company’s fifty day moving average price is GBX 164.76 and its 200-day moving average price is GBX 150.64.

Bakkavor Group (LON:BAKK) last announced its quarterly earnings data on Tuesday, March 4th. The company reported GBX 9.60 ($0.13) earnings per share (EPS) for the quarter. Bakkavor Group had a return on equity of 10.43% and a net margin of 2.86%. On average, equities research analysts anticipate that Bakkavor Group will post 11.5761689 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 170 ($2.27) target price on shares of Bakkavor Group in a research note on Thursday, March 13th.

Bakkavor Group Company Profile

We are the leading provider of fresh prepared food in the UK, and our presence in the US and China positions the Group well in these high-growth markets. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 18,000 colleagues operate from 43 sites across our three markets supplying a portfolio of over 3,000 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US, and international food brands in China.