Smiths News plc (SNWS) to Issue Dividend of GBX 1.75 on July 4th

Smiths News plc (LON:SNWS) announced a dividend on Thursday, May 2nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 6th will be paid a dividend of GBX 1.75 ($0.02) per share on Thursday, July 4th. This represents a dividend yield of 3.28%. The ex-dividend date is Thursday, June 6th. The official announcement can be accessed at this link.

Smiths News Trading Up 1.8 %

Shares of SNWS opened at GBX 56 ($0.70) on Friday. Smiths News has a twelve month low of GBX 40 ($0.50) and a twelve month high of GBX 57 ($0.72). The firm’s fifty day simple moving average is GBX 49.19 and its 200-day simple moving average is GBX 48.93. The firm has a market capitalization of £138.71 million, a price-to-earnings ratio of 622.22, a PEG ratio of 0.29 and a beta of 0.80.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SNWS. Canaccord Genuity Group lifted their price target on shares of Smiths News from GBX 85 ($1.07) to GBX 95 ($1.19) and gave the stock a “buy” rating in a research note on Thursday. Berenberg Bank lifted their price target on shares of Smiths News from GBX 60 ($0.75) to GBX 65 ($0.82) and gave the stock a “buy” rating in a research note on Friday.

Smiths News Company Profile

Smiths News plc, together with its subsidiaries, engages in the distributing of newspapers and magazines in the United Kingdom and internationally. It operates through Smiths News Core, Dawson Media Direct, Instore, and Other businesses segments. The company supplies inflight entertainment to airlines and travel points.