M.P. Evans Group PLC (LON:MPE) Declares Dividend Increase – GBX 37.50 Per Share

M.P. Evans Group PLC (LON:MPE) declared a dividend on Tuesday, March 25th, DividendData.Co.Uk reports. Investors of record on Thursday, April 24th will be paid a dividend of GBX 37.50 ($0.48) per share on Thursday, June 19th. This represents a yield of 3.64%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 150.0% increase from M.P. Evans Group’s previous dividend of $15.00. The official announcement can be seen at this link.

M.P. Evans Group Stock Down 2.4 %

Shares of LON:MPE opened at GBX 986 ($12.69) on Thursday. The stock has a market capitalization of £640.04 million, a P/E ratio of 9.93 and a beta of 0.69. The stock’s 50-day moving average price is GBX 1,027.12 and its 200-day moving average price is GBX 972.30. The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.89. M.P. Evans Group has a 12-month low of GBX 776 ($9.99) and a 12-month high of GBX 1,130 ($14.55).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their price target on M.P. Evans Group from GBX 1,350 ($17.38) to GBX 1,400 ($18.02) and gave the stock a “buy” rating in a research note on Tuesday, January 21st.

About M.P. Evans Group

M.P. Evans Group PLC is a responsible producer of certified sustainable crude palm oil (“CPO”), with plantations in five Indonesian provinces: Aceh, Bangka Belitung, East Kalimantan, North Sumatra and South Sumatra.

Headquartered in the UK, the Group’s shares are traded on the London Stock Exchange’s Alternative Investment Market (“AIM”).