Serco Group plc (LON:SRP) Increases Dividend to GBX 2.27 Per Share

Serco Group plc (LON:SRP) announced a dividend on Thursday, February 29th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 18th will be given a dividend of GBX 2.27 ($0.03) per share on Friday, May 10th. This represents a yield of 1.27%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Serco Group’s previous dividend of $1.14. The official announcement can be seen at this link.

Serco Group Stock Down 1.8 %

Shares of LON SRP opened at GBX 182.10 ($2.27) on Tuesday. The business has a 50-day moving average of GBX 184.24 and a 200-day moving average of GBX 165.99. The firm has a market capitalization of £1.97 billion, a price-to-earnings ratio of 1,030.56, a PEG ratio of 3.06 and a beta of 0.38. The company has a current ratio of 0.87, a quick ratio of 0.98 and a debt-to-equity ratio of 63.84. Serco Group has a 12 month low of GBX 135.30 ($1.68) and a 12 month high of GBX 193.10 ($2.40).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of Serco Group in a report on Monday, February 26th.

Insider Buying and Selling at Serco Group

In related news, insider Nigel Crossley sold 212,403 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of GBX 186 ($2.32), for a total transaction of £395,069.58 ($491,808.27). Corporate insiders own 2.00% of the company’s stock.

About Serco Group

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.