Inchcape plc (LON:INCH) Declares Dividend of GBX 17.20

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 paid a dividend of GBX 17.20 ($0.23) per share on Monday, June 16th. This represents a dividend yield of 2.38%. The ex-dividend date is Thursday, May 1st. This is a 52.2% increase from Inchcape's previous dividend of $11.30. The official announcement can be seen at this link.

Inchcape Price Performance

Inchcape stock traded up GBX 1 ($0.01) during trading hours on Friday, hitting GBX 665 ($8.83). 1,795,124 shares of the stock were exchanged, compared to its average volume of 1,575,834. The stock has a market capitalization of £2.61 billion, a P/E ratio of 10.62, a P/E/G ratio of 2.06 and a beta of 1.19. The business's 50-day moving average is GBX 688.03 and its two-hundred day moving average is GBX 718.40. The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10. Inchcape has a 12 month low of GBX 575 ($7.63) and a 12 month high of GBX 874 ($11.60).

Inchcape (LON:INCH - Get Free Report) last announced its earnings results on Tuesday, March 4th. The company reported GBX 71.30 ($0.95) earnings per share for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. Equities research analysts expect that Inchcape will post 85.9639233 EPS for the current fiscal year.

Insider Activity

In other Inchcape news, insider Duncan Tait purchased 6,948 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of GBX 716 ($9.50) per share, for a total transaction of £49,747.68 ($66,030.90). 14.84% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on INCH shares. Citigroup reduced their price target on shares of Inchcape from GBX 1,194 ($15.85) to GBX 1,163 ($15.44) and set a "buy" rating for the company in a report on Tuesday, April 29th. JPMorgan Chase & Co. cut Inchcape to a "neutral" rating in a report on Thursday, January 23rd.

Inchcape Company Profile

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.