United Utilities Group PLC (LON:UU) Announces Dividend Increase – GBX 29 Per Share

United Utilities Group PLC (LON:UUGet Rating) announced a dividend on Thursday, May 26th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 23rd will be paid a dividend of GBX 29 ($0.36) per share on Monday, August 1st. This represents a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, June 23rd. This is a positive change from United Utilities Group’s previous dividend of $14.50. The official announcement can be accessed at this link.

Shares of LON:UU opened at GBX 1,112.50 ($14.00) on Thursday. The business has a 50-day moving average price of GBX 1,120.10 and a 200 day moving average price of GBX 1,088.55. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 310.94. The company has a market capitalization of £7.59 billion and a price-to-earnings ratio of 103.23. United Utilities Group has a 12-month low of GBX 922 ($11.60) and a 12-month high of GBX 1,186.88 ($14.93).

In related news, insider Steven L. Mogford sold 52,277 shares of the business’s stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of GBX 1,122 ($14.12), for a total transaction of £586,547.94 ($738,074.67).

A number of brokerages recently issued reports on UU. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 1,100 ($13.84) price objective on shares of United Utilities Group in a research report on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of United Utilities Group in a research report on Tuesday, February 8th. Finally, Morgan Stanley reissued an “underweight” rating on shares of United Utilities Group in a research report on Wednesday, May 11th.

United Utilities Group Company Profile (Get Rating)

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is also involved in renewable energy generation, corporate trustee, financing, and property management activities; and the provision of waste treatment, consulting, and project management services. The company operates 42,000 kilometers of water pipes; 78,000 km of wastewater pipes; 567 wastewater treatment works; and 88 water treatment works.

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Dividend History for United Utilities Group (LON:UU)

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