Mondi plc (LON:MNDI) Raises Dividend to €0.47 Per Share

Mondi plc (LON:MNDI) announced a dividend on Thursday, February 20th, DividendData.Co.Uk reports. Investors of record on Thursday, April 3rd will be paid a dividend of €0.47 ($0.51) per share on Friday, May 16th. This represents a yield of 3.14%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a 100.0% increase from Mondi’s previous dividend of $0.23. The official announcement can be viewed at this link.

Mondi Stock Performance

LON MNDI opened at GBX 1,166 ($15.06) on Tuesday. The firm has a market cap of £6.13 billion, a P/E ratio of 15.86, a P/E/G ratio of 0.76 and a beta of 0.68. Mondi has a 52-week low of GBX 1,134.50 ($14.66) and a 52-week high of GBX 1,618 ($20.90). The business’s 50-day moving average price is GBX 1,242.59 and its 200 day moving average price is GBX 1,262.55. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00.

Insider Buying and Selling at Mondi

In related news, insider Andrew King purchased 24 shares of the stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of GBX 1,287 ($16.63) per share, with a total value of £308.88 ($399.07). Over the last quarter, insiders acquired 62 shares of company stock valued at $76,374. 1.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Citigroup reduced their target price on shares of Mondi from GBX 1,600 ($20.67) to GBX 1,550 ($20.03) and set a “buy” rating for the company in a research note on Tuesday, February 25th.

Mondi Company Profile

Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, Australia, and internationally. The company operates in three segments: Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper.