M&C Saatchi plc (LON:SAA) Plans Dividend Increase - GBX 1.60 Per Share

M&C Saatchi plc (LON:SAA - Get Free Report) declared a dividend on Wednesday, April 10th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 9th will be paid a dividend of GBX 1.60 ($0.02) per share on Monday, June 24th. This represents a yield of 0.91%. The ex-dividend date is Thursday, May 9th. This is a positive change from M&C Saatchi's previous dividend of $1.50. The official announcement can be accessed at this link.

M&C Saatchi Price Performance

Shares of SAA remained flat at GBX 175 ($2.21) on Wednesday. The company had a trading volume of 222,070 shares, compared to its average volume of 260,597. M&C Saatchi has a 1-year low of GBX 118.50 ($1.50) and a 1-year high of GBX 194 ($2.46). The stock has a market cap of £213.96 million, a price-to-earnings ratio of -8,650.00 and a beta of 1.30. The company's fifty day moving average is GBX 175.37 and its 200-day moving average is GBX 155.51. The company has a debt-to-equity ratio of 239.07, a current ratio of 0.94 and a quick ratio of 0.93.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a "not rated" rating on shares of M&C Saatchi in a report on Wednesday.

About M&C Saatchi

M&C Saatchi plc provides advertising and marketing services in the United Kingdom, Europe, the Middle East, Africa, Asia, Australia, and the Americas. The company was founded in 1995 and is based in London, the United Kingdom.