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

Bakkavor Group plc (LON:BAKK - Get Free Report) announced a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 24th will be paid a dividend of GBX 4.80 ($0.06) per share on Wednesday, May 28th. This represents a 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 viewed at this link.

Bakkavor Group Stock Down 1.2 %

Shares of BAKK stock traded down GBX 2 ($0.03) during midday trading on Friday, reaching GBX 171 ($2.28). 412,873 shares of the stock were exchanged, compared to its average volume of 540,045. Bakkavor Group has a 1 year low of GBX 113.50 ($1.51) and a 1 year high of GBX 193.80 ($2.58). The firm has a market cap of £999.42 million, a PE ratio of 15.57, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. The company's 50 day moving average is GBX 167.01 and its two-hundred day moving average is GBX 151.26. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 53.92.

Bakkavor Group (LON:BAKK - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 9.60 ($0.13) earnings per share 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 predict that Bakkavor Group will post 11.5761689 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reaffirmed an "outperform" rating and issued a GBX 170 ($2.26) target price on shares of Bakkavor Group in a research report 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.