BT Group PLC (BT) To Go Ex-Dividend on December 28th

BT Group PLC (NYSE:BT) declared a None dividend on Thursday, November 2nd, Zacks reports. Investors of record on Friday, December 29th will be paid a dividend of 0.297 per share by the utilities provider on Monday, February 12th. This represents a yield of 3.84%. The ex-dividend date of this dividend is Thursday, December 28th.

BT Group has raised its dividend payment by an average of 8.3% per year over the last three years and has increased its dividend every year for the last 5 years. BT Group has a payout ratio of 32.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect BT Group to earn $1.81 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 32.6%.

BT Group (BT) opened at $18.26 on Friday. The company has a market cap of $36,218.04, a price-to-earnings ratio of 17.56 and a beta of 0.99. BT Group has a twelve month low of $16.15 and a twelve month high of $24.65. The company has a quick ratio of 0.81, a current ratio of 0.77 and a debt-to-equity ratio of 1.46.

Several research analysts recently commented on the stock. Credit Suisse Group downgraded shares of BT Group to a “neutral” rating and dropped their target price for the stock from GBX 360 ($4.85) to GBX 310 ($4.17) in a report on Monday, October 9th. Zacks Investment Research downgraded shares of BT Group from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Macquarie reiterated an “outperform” rating and issued a GBX 355 ($4.78) target price on shares of BT Group in a report on Tuesday, September 12th. Citigroup downgraded shares of BT Group from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Finally, Deutsche Bank reiterated a “sell” rating and issued a GBX 265 ($3.57) target price on shares of BT Group in a report on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. BT Group currently has an average rating of “Hold” and a consensus target price of $317.18.

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About BT Group

Dividend History for BT Group (NYSE:BT)

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