Mondi plc (LON:MNDI) Announces Dividend Increase – €0.47 Per Share

Mondi plc (LON:MNDI) declared a dividend on Thursday, February 20th, DividendData.Co.Uk reports. Investors of record on Thursday, April 3rd will be given a dividend of €0.47 ($0.51) per share on Friday, May 16th. This represents a yield of 3.14%. The ex-dividend date is Thursday, April 3rd. This is a 100.0% increase from Mondi’s previous dividend of $0.23. The official announcement can be viewed at this link.

Mondi Trading Up 1.5 %

Shares of LON MNDI opened at GBX 1,165 ($15.05) on Tuesday. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00. Mondi has a one year low of GBX 1,134.50 ($14.66) and a one year high of GBX 1,618 ($20.90). The business has a 50-day moving average price of GBX 1,242.59 and a two-hundred day moving average price of GBX 1,262.55. The firm has a market capitalization of £6.12 billion, a PE ratio of 15.84, a PEG ratio of 0.76 and a beta of 0.68.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered their price objective on shares of Mondi from GBX 1,600 ($20.67) to GBX 1,550 ($20.03) and set a “buy” rating on the stock in a research report on Tuesday, February 25th.

Insider Activity at Mondi

In other Mondi news, insider Andrew King sold 35,509 shares of Mondi stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of GBX 1,222 ($15.79), for a total value of £433,919.98 ($560,620.13). Over the last 90 days, insiders bought 62 shares of company stock valued at $76,374. Insiders own 1.36% of the company’s stock.

About Mondi

Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, Australia, and internationally. The company operates in three segments: Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper.