Wickes Group plc (LON:WIX) to Issue Dividend Increase – GBX 7.30 Per Share

Wickes Group plc (LON:WIX) declared a dividend on Thursday, March 20th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 24th will be paid a dividend of GBX 7.30 ($0.09) per share on Friday, June 6th. This represents a yield of 4.01%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 102.8% increase from Wickes Group’s previous dividend of $3.60. The official announcement can be seen at this link.

Wickes Group Trading Down 3.5 %

Shares of Wickes Group stock opened at GBX 175.60 ($2.28) on Friday. The firm has a market capitalization of £415.77 million, a price-to-earnings ratio of 14.20, a PEG ratio of 0.79 and a beta of 0.78. Wickes Group has a 12-month low of GBX 130.60 ($1.69) and a 12-month high of GBX 186 ($2.41). The firm’s 50 day simple moving average is GBX 167.05 and its two-hundred day simple moving average is GBX 161.49. The company has a current ratio of 1.10, a quick ratio of 0.58 and a debt-to-equity ratio of 456.98.

Wickes Group (LON:WIX) last released its quarterly earnings data on Thursday, March 20th. The company reported GBX 14.10 ($0.18) earnings per share for the quarter. Wickes Group had a net margin of 2.01% and a return on equity of 19.39%. Analysts predict that Wickes Group will post 16.2278978 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Shore Capital reiterated a “not rated” rating on shares of Wickes Group in a research note on Thursday. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 198 ($2.57) price objective on shares of Wickes Group in a research note on Thursday.

Wickes Group Company Profile

Wickes is one of the UK’s best known home improvement retailers. Having opened our first store in 1972 we now have over 230 stores across the UK, employing 8,500 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £25 billion UK Home Improvement market.