Kainos Group plc (LON:KNOS) Increases Dividend to GBX 19.10 Per Share

Kainos Group plc (LON:KNOS - Get Free Report) announced a dividend on Monday, May 20th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 3rd will be paid a dividend of GBX 19.10 ($0.24) per share on Friday, October 25th. This represents a dividend yield of 1.8%. The ex-dividend date is Thursday, October 3rd. This is a positive change from Kainos Group's previous dividend of $8.20. The official announcement can be accessed at this link.

Kainos Group Stock Up 17.3 %

KNOS traded up GBX 184 ($2.34) during trading on Monday, reaching GBX 1,246 ($15.84). 516,885 shares of the stock traded hands, compared to its average volume of 408,520. The stock's 50-day simple moving average is GBX 997.56 and its two-hundred day simple moving average is GBX 1,038.84. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.55 and a quick ratio of 1.59. Kainos Group has a fifty-two week low of GBX 900.50 ($11.45) and a fifty-two week high of GBX 1,421 ($18.06). The stock has a market cap of £1.57 billion, a price-to-earnings ratio of 3,775.76, a price-to-earnings-growth ratio of 2.15 and a beta of 0.71.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Shore Capital restated a "buy" rating on shares of Kainos Group in a report on Monday, May 13th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a GBX 1,000 ($12.71) price target on shares of Kainos Group in a report on Tuesday, May 7th. Finally, Berenberg Bank decreased their price objective on Kainos Group from GBX 1,315 ($16.71) to GBX 1,260 ($16.01) and set a "buy" rating on the stock in a report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of GBX 1,280 ($16.27).

About Kainos Group

Kainos Group plc provides digital technology services in the United Kingdom, Ireland, North America, Central Europe, and internationally. It operates through three segments: Digital Services, Workday Services, and Workday Products. The Digital Services segment develops and supports custom digital service platforms for public sector, commercial, and healthcare customers.