NEXT plc (LON:NXT) Announces Dividend Increase – GBX 208 Per Share

NEXT plc (LON:NXT) declared a dividend on Thursday, March 27th, Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, July 17th will be paid a dividend of GBX 208 ($2.69) per share on Monday, August 25th. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, July 17th. This is a 177.3% increase from NEXT’s previous dividend of $75.00. The official announcement can be accessed at this link.

NEXT Price Performance

Shares of LON:NXT opened at £110 ($142.38) on Friday. The stock has a market capitalization of £12.95 billion, a P/E ratio of 16.55, a P/E/G ratio of 5.66 and a beta of 1.37. The company has a debt-to-equity ratio of 76.08, a current ratio of 1.68 and a quick ratio of 1.07. The business has a 50-day moving average of GBX 9,859.02 and a two-hundred day moving average of GBX 9,875.93. NEXT has a fifty-two week low of GBX 8,598 ($111.29) and a fifty-two week high of £111.04 ($143.72).

NEXT (LON:NXT) last issued its quarterly earnings results on Thursday, March 27th. The company reported GBX 615.10 ($7.96) earnings per share (EPS) for the quarter. NEXT had a return on equity of 55.99% and a net margin of 13.77%. On average, equities research analysts predict that NEXT will post 660.7526882 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of NEXT in a research note on Thursday.

NEXT Company Profile

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers.

NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East.