Smiths News plc (LON:SNWS) to Issue Dividend Increase – GBX 5.40 Per Share

Smiths News plc (LON:SNWS) announced a dividend on Tuesday, November 5th, Upcoming.Co.Uk reports. Investors of record on Thursday, January 9th will be given a dividend of GBX 5.40 ($0.07) per share on Thursday, February 6th. This represents a dividend yield of 9.47%. The ex-dividend date is Thursday, January 9th. This is an increase from Smiths News’s previous dividend of $1.75. The official announcement can be viewed at this link.

Smiths News Trading Up 8.1 %

Shares of LON:SNWS opened at GBX 61.60 ($0.80) on Tuesday. Smiths News has a twelve month low of GBX 45 ($0.58) and a twelve month high of GBX 67.80 ($0.88). The company has a market cap of £146.05 million, a PE ratio of 633.33, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. The company’s 50 day moving average is GBX 57.48 and its 200 day moving average is GBX 58.39.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 95 ($1.23) price objective on shares of Smiths News in a report on Wednesday, September 18th.

About Smiths News

Smiths News plc, together with its subsidiaries, engages in the distributing of newspapers and magazines in the United Kingdom and internationally. It operates through Smiths News Core, Dawson Media Direct, Instore, and Other businesses segments. The company supplies inflight entertainment to airlines and travel points.