Travis Perkins plc (LON:TPK) Declares Dividend Increase - 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 given a dividend of GBX 18.55 ($0.25) per share on Monday, August 25th. This represents a yield of 1.64%. The ex-dividend date is Thursday, May 22nd. This is a 237.3% increase from Travis Perkins's previous dividend of $5.50. The official announcement can be accessed at this link.

Travis Perkins Trading Up 1.5%

Shares of TPK stock traded up GBX 9.50 ($0.13) during mid-day trading on Friday, reaching GBX 629.50 ($8.52). 390,841 shares of the stock traded hands, compared to its average volume of 2,524,831. The stock's fifty day simple moving average is GBX 559.24 and its two-hundred day simple moving average is GBX 654.81. Travis Perkins has a 1-year low of GBX 477.37 ($6.46) and a 1-year high of GBX 976 ($13.21). The company has a market cap of £1.33 billion, a price-to-earnings ratio of -76.21, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 48.33.

Travis Perkins (LON:TPK - Get Free Report) last announced its quarterly earnings results on Tuesday, April 1st. The company reported GBX 36.60 ($0.50) EPS for the quarter. Travis Perkins had a negative return on equity of 0.85% and a negative net margin of 0.37%. On average, research analysts anticipate that Travis Perkins will post 59.251837 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 650 ($8.80) price objective on shares of Travis Perkins in a research note on Thursday, May 1st.

Insider Buying and Selling

In other Travis Perkins news, insider Duncan Cooper sold 5,238 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of GBX 508 ($6.88), for a total value of £26,609.04 ($36,021.44). 3.63% of the stock is owned by insiders.

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.