Intertek Group plc (LON:ITRK) Declares Dividend Increase - GBX 102.60 Per Share

Intertek Group plc (LON:ITRK - Get Free Report) declared a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 29th will be given a dividend of GBX 102.60 ($1.38) per share on Friday, June 20th. This represents a yield of 2.11%. The ex-dividend date is Thursday, May 29th. This is a 90.4% increase from Intertek Group's previous dividend of $53.90. The official announcement can be accessed at this link.

Intertek Group Stock Up 1.0%

LON ITRK traded up GBX 49.68 ($0.67) on Friday, hitting GBX 4,795.68 ($64.53). The stock had a trading volume of 1,062,016 shares, compared to its average volume of 1,936,903. The business's fifty day moving average price is GBX 4,675.29 and its 200 day moving average price is GBX 4,819.37. The company has a debt-to-equity ratio of 103.83, a current ratio of 1.27 and a quick ratio of 1.19. Intertek Group has a 52-week low of GBX 4,044 ($54.41) and a 52-week high of GBX 5,575 ($75.01). The stock has a market cap of £7.70 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63.

Intertek Group (LON:ITRK - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX 242.60 ($3.26) earnings per share (EPS) for the quarter. Intertek Group had a net margin of 9.19% and a return on equity of 23.46%. Equities research analysts anticipate that Intertek Group will post 263.7305699 earnings per share for the current year.

Insider Activity at Intertek Group

In other news, insider Robin Freestone bought 2,198 shares of the stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of GBX 4,525 ($60.89) per share, with a total value of £99,459.50 ($133,826.02). Also, insider Andre Lacroix sold 39,498 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of GBX 4,994 ($67.20), for a total transaction of £1,972,530.12 ($2,654,104.04). 0.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Shore Capital reissued a "hold" rating on shares of Intertek Group in a report on Thursday, May 22nd. Berenberg Bank boosted their price objective on shares of Intertek Group from GBX 5,800 ($78.04) to GBX 6,000 ($80.73) and gave the company a "buy" rating in a report on Wednesday, March 5th.

Intertek Group Company Profile

Intertek is a leading Total Quality Assurance provider to industries worldwide. Our network of more than 1,000 laboratories and offices in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers' operations and supply chains. Intertek is a purpose-led company to Bring Quality, Safety and Sustainability to Life.