Wickes Group plc (LON:WIX – Get Free Report) hit a new 52-week high during mid-day trading on Thursday after the company announced a dividend. The company traded as high as GBX 186 ($2.40) and last traded at GBX 182.77 ($2.36), with a volume of 1855642 shares trading hands. The stock had previously closed at GBX 171.60 ($2.22).
The newly announced dividend which will be paid on Friday, June 6th. Stockholders of record on Thursday, April 24th will be issued a dividend of GBX 7.30 ($0.09) per share. This represents a dividend yield of 4.01%. This is an increase from Wickes Group’s previous dividend of $3.60. The ex-dividend date is Thursday, April 24th. Wickes Group’s dividend payout ratio (DPR) is presently 88.93%.
Wall Street Analysts Forecast Growth
WIX has been the subject of a number of analyst reports. Shore Capital reaffirmed a “not rated” rating on shares of Wickes Group in a report on Thursday. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 198 ($2.56) target price on shares of Wickes Group in a research report on Thursday.
Wickes Group Stock Down 4.6 %
The firm has a market cap of £411.03 million, a price-to-earnings ratio of 14.03, a PEG ratio of 0.79 and a beta of 0.78. The company has a debt-to-equity ratio of 456.98, a quick ratio of 0.58 and a current ratio of 1.10. The business’s 50-day moving average is GBX 167.58 and its 200-day moving average is GBX 161.52.
Wickes Group (LON:WIX – Get Free Report) last posted 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%. On average, equities analysts predict that Wickes Group plc will post 16.2278978 EPS for the current year.
About Wickes Group
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.
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