Tesco PLC (LON:TSCO - Get Free Report) announced a dividend on Wednesday, April 10th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 16th will be paid a dividend of GBX 8.25 ($0.10) per share by the retailer on Friday, June 28th. This represents a dividend yield of 2.87%. The ex-dividend date is Thursday, May 16th. This is a positive change from Tesco's previous dividend of $3.85. The official announcement can be accessed at this link.
Tesco Price Performance
Shares of LON TSCO traded up GBX 9.50 ($0.12) during midday trading on Wednesday, reaching GBX 297 ($3.76). 26,465,084 shares of the stock traded hands, compared to its average volume of 18,685,385. The company's 50 day moving average is GBX 285.32 and its 200 day moving average is GBX 283.84. Tesco has a one year low of GBX 244.20 ($3.09) and a one year high of GBX 306.10 ($3.87). The company has a debt-to-equity ratio of 129.69, a current ratio of 0.74 and a quick ratio of 0.60. The stock has a market capitalization of £20.91 billion, a PE ratio of 1,513.00, a P/E/G ratio of 3.35 and a beta of 0.52.
Analyst Ratings Changes
Separately, Shore Capital restated a "buy" rating on shares of Tesco in a research report on Wednesday.
View Our Latest Stock Report on Tesco
Insiders Place Their Bets
In related news, insider Dame Carolyn Fairbairn purchased 35,000 shares of the business's stock in a transaction on Monday, January 15th. The shares were acquired at an average price of GBX 300 ($3.80) per share, for a total transaction of £105,000 ($132,894.57). Over the last 90 days, insiders acquired 35,144 shares of company stock valued at $10,541,403. 2.06% of the stock is currently owned by corporate insiders.
Tesco Company Profile
(
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Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.
Further Reading
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