Kingfisher plc Declares Dividend of GBX 3.80 (LON:KGF)

Kingfisher plc (LON:KGF) announced a dividend on Tuesday, September 17th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 10th will be paid a dividend of GBX 3.80 ($0.05) per share by the home improvement retailer on Friday, November 15th. This represents a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, October 10th. The official announcement can be viewed at this link.

Kingfisher Stock Up 1.5 %

Shares of LON KGF opened at GBX 314.70 ($4.12) on Wednesday. The firm’s 50-day simple moving average is GBX 289.79 and its 200 day simple moving average is GBX 265.67. The company has a market cap of £5.73 billion, a price-to-earnings ratio of 1,738.33, a price-to-earnings-growth ratio of 3.60 and a beta of 0.95. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 37.01. Kingfisher has a 12-month low of GBX 198.30 ($2.60) and a 12-month high of GBX 333.50 ($4.36).

Insiders Place Their Bets

In other Kingfisher news, insider Thierry Garnier sold 382,415 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of GBX 324 ($4.24), for a total transaction of £1,239,024.60 ($1,621,547.70). Company insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Kingfisher in a research report on Friday, July 12th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 250 ($3.27) price target on shares of Kingfisher in a research report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Kingfisher from GBX 310 ($4.06) to GBX 350 ($4.58) and gave the stock a “buy” rating in a research report on Wednesday, September 18th.

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.