Travis Perkins plc (LON:TPK) Raises Dividend to GBX 18.55 Per Share

Travis Perkins plc (LON:TPK - Get Free Report) declared a dividend on Tuesday, April 1st, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 22nd will be paid a dividend of GBX 18.55 ($0.25) per share on Monday, August 25th. This represents a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, May 22nd. This is a 237.3% increase from Travis Perkins's previous dividend of $5.50. The official announcement can be seen at this link.

Travis Perkins Stock Performance

TPK stock opened at GBX 640 ($8.55) on Tuesday. The company has a debt-to-equity ratio of 48.33, a quick ratio of 0.84 and a current ratio of 1.65. The stock has a market cap of £1.35 billion, a P/E ratio of -77.48, a P/E/G ratio of 6.44 and a beta of 1.52. The firm has a 50 day simple moving average of GBX 554.79 and a 200 day simple moving average of GBX 658.80. Travis Perkins has a 52 week low of GBX 477.37 ($6.38) and a 52 week high of GBX 976 ($13.04).

Travis Perkins (LON:TPK - Get Free Report) last posted its quarterly earnings results on Tuesday, April 1st. The company reported GBX 36.60 ($0.49) EPS for the quarter. Travis Perkins had a negative net margin of 0.37% and a negative return on equity of 0.85%. Research analysts anticipate that Travis Perkins will post 59.251837 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 650 ($8.68) target price on shares of Travis Perkins in a research note on Thursday, May 1st.

Insider Buying and Selling at Travis Perkins

In related news, insider Duncan Cooper sold 5,238 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of GBX 508 ($6.79), for a total transaction of £26,609.04 ($35,540.32). Corporate insiders own 3.63% of the company's stock.

About Travis Perkins

Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions.

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