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Inchcape plc (LON:INCH) to Issue Dividend Increase - GBX 17.20 Per Share

Inchcape logo with Consumer Cyclical background

Inchcape plc (LON:INCH - Get Free Report) declared a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 1st will be given a dividend of GBX 17.20 ($0.23) per share on Monday, June 16th. This represents a yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 1st. This is a 52.2% increase from Inchcape's previous dividend of $11.30. The official announcement can be viewed at this link.

Inchcape Stock Up 0.5 %

LON:INCH opened at GBX 665 ($8.93) on Tuesday. The stock's fifty day moving average price is GBX 689.44 and its two-hundred day moving average price is GBX 720.82. Inchcape has a 52-week low of GBX 575 ($7.73) and a 52-week high of GBX 874 ($11.74). The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10. The company has a market cap of £2.61 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 2.06 and a beta of 1.19.

Inchcape (LON:INCH - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 71.30 ($0.96) earnings per share (EPS) for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. On average, analysts anticipate that Inchcape will post 85.9639233 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on INCH. JPMorgan Chase & Co. downgraded Inchcape to a "neutral" rating in a research note on Thursday, January 23rd. Citigroup lifted their target price on Inchcape from GBX 1,113 ($14.95) to GBX 1,194 ($16.04) and gave the company a "buy" rating in a research report on Thursday, March 6th.

Get Our Latest Stock Report on INCH

Insiders Place Their Bets

In other Inchcape news, insider Duncan Tait bought 6,948 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of GBX 716 ($9.62) per share, with a total value of £49,747.68 ($66,838.21). Insiders own 14.84% of the company's stock.

About Inchcape

(Get Free Report)

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.

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Dividend History for Inchcape (LON:INCH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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