WPP PLC (NYSE:WPP) to Issue $0.50 Semi-annual Dividend

Key Points

• Wpp Plc announced a semi-annual dividend of $0.50 per share, which will be paid on November 3rd to stockholders recorded by October 10th.
• The company has a payout ratio of 56.9%, indicating that its dividend is well-covered by earnings, with expectations of earnings of $5.44 per share next year.
• WPP stock decreased by 0.4% to $24.64, amidst various changes in analyst ratings, with a consensus rating of "Hold" among equities research analysts.

WPP PLC (NYSE:WPP - Get Free Report) announced a semi-annual dividend on Monday, August 11th, Wall Street Journal reports. Stockholders of record on Friday, October 10th will be paid a dividend of 0.5033 per share by the business services provider on Monday, November 3rd. This represents a dividend yield of 1,060.0%. The ex-dividend date of this dividend is Friday, October 10th.

WPP has a dividend payout ratio of 56.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect WPP to earn $5.44 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 56.6%.

WPP Stock Down 0.2%

Shares of WPP stock traded down $0.06 during trading hours on Friday, reaching $25.46. The company had a trading volume of 367,506 shares, compared to its average volume of 497,371. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 4.26 and a beta of 1.01. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.86 and a quick ratio of 0.88. WPP has a 12 month low of $24.28 and a 12 month high of $57.37. The business has a fifty day simple moving average of $31.06 and a 200-day simple moving average of $37.35.

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.