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ME Group International plc (LON:MEGP) Raises Dividend to GBX 4.45 Per Share

ME Group International logo with Industrials background

ME Group International plc (LON:MEGP - Get Free Report) declared a dividend on Monday, February 24th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 24th will be paid a dividend of GBX 4.45 ($0.06) per share on Friday, May 23rd. This represents a dividend yield of 2.36%. The ex-dividend date is Thursday, April 24th. This is a 29.0% increase from ME Group International's previous dividend of $3.45. The official announcement can be seen at this link.

ME Group International Stock Down 1.7 %

Shares of LON:MEGP traded down GBX 3.20 ($0.04) during midday trading on Friday, reaching GBX 190.40 ($2.54). The company's stock had a trading volume of 319,485 shares, compared to its average volume of 1,028,196. The firm has a market cap of £723.75 million, a price-to-earnings ratio of 13.67 and a beta of 1.20. The business has a 50 day moving average price of GBX 193.23 and a 200 day moving average price of GBX 205.94. ME Group International has a 1 year low of GBX 155.20 ($2.07) and a 1 year high of GBX 235.50 ($3.14).

ME Group International (LON:MEGP - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported GBX 14.36 ($0.19) EPS for the quarter. ME Group International had a return on equity of 32.52% and a net margin of 17.39%. Sell-side analysts anticipate that ME Group International will post 15.5344418 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price target on shares of ME Group International from GBX 203 ($2.70) to GBX 235 ($3.13) and gave the stock a "buy" rating in a research note on Tuesday, February 25th.

Read Our Latest Report on ME Group International

ME Group International Company Profile

(Get Free Report)

ME Group International plc LSE: MEGP operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market. The Group operates vending units across 18 countries and its technological innovation is focused on four principal areas: • Photo.ME - Photobooths and integrated biometric identification solutions • Wash.ME - Unattended laundry services and launderettes • Print.ME - High-quality digital printing kiosks • Feed.ME - Vending equipment for the food service market In addition, the Group operates other vending equipment such as children's rides, amusement machines, and business service equipment. Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by the Group.

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Dividend History for ME Group International (LON:MEGP)

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