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.
COPYRIGHT VIOLATION NOTICE: “BT Group PLC (BT) To Go Ex-Dividend on December 28th” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.com-unik.info/2017/12/23/bt-group-plc-bt-to-go-ex-dividend-on-december-28th.html.
About BT Group
What are top analysts saying about BT Group? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for BT Group and related companies.