Connect Group PLC (LON:CNCT) Declares Dividend of GBX 1

Connect Group PLC (LON:CNCT) announced a dividend on Wednesday, November 6th, Upcoming.Co.Uk reports. Investors of record on Thursday, January 16th will be given a dividend of GBX 1 ($0.01) per share on Thursday, February 13th. This represents a yield of 3.44%. The ex-dividend date of this dividend is Thursday, January 16th. The official announcement can be seen at this link.

CNCT opened at GBX 35.06 ($0.46) on Wednesday. Connect Group has a 1 year low of GBX 27.50 ($0.36) and a 1 year high of GBX 46.10 ($0.61). The company has a market capitalization of $86.83 million and a price-to-earnings ratio of -2.72. The firm’s fifty day moving average price is GBX 32.62 and its two-hundred day moving average price is GBX 35.07.

A number of analysts have recently commented on CNCT shares. Peel Hunt restated a “hold” rating on shares of Connect Group in a research note on Monday. Berenberg Bank restated a “hold” rating and issued a GBX 40 ($0.53) target price on shares of Connect Group in a research note on Wednesday, November 6th.

In other news, insider Gary Kennedy bought 200,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average price of GBX 29 ($0.38) per share, for a total transaction of £58,000 ($76,295.71). Also, insider Jonathan Bunting sold 56,225 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of GBX 36 ($0.47), for a total value of £20,241 ($26,625.89).

Connect Group Company Profile

Connect Group PLC engages in the distribution of newspapers, magazines, and books products in the United Kingdom and internationally. The company operates through News & Media: News Distribution, News & Media: Media, and Mixed Freight segments. The News & Media: News Distribution segment distributes newspapers and magazines to 27,000 retailers from 39 distribution centers across England and Wales.

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Dividend History for Connect Group (LON:CNCT)

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