Morgan Sindall Group plc (MGNS) To Go Ex-Dividend on April 24th

Morgan Sindall Group plc (LON:MGNS) declared a dividend on Wednesday, February 26th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 24th will be paid a dividend of GBX 90 ($1.20) per share on Thursday, May 15th. This represents a dividend yield of 3.06%. The ex-dividend date is Thursday, April 24th. This is a 116.9% increase from Morgan Sindall Group’s previous dividend of $41.50. The official announcement can be accessed at this link.

Morgan Sindall Group Stock Performance

Shares of MGNS opened at GBX 3,470 ($46.43) on Tuesday. Morgan Sindall Group has a 52-week low of GBX 2,170 ($29.04) and a 52-week high of GBX 3,970 ($53.12). The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51. The stock has a market cap of £1.64 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. The firm’s fifty day moving average is GBX 3,294.87 and its two-hundred day moving average is GBX 3,547.40.

Morgan Sindall Group (LON:MGNS) last issued its earnings results on Wednesday, February 26th. The company reported GBX 278.80 ($3.73) earnings per share for the quarter. Morgan Sindall Group had a net margin of 2.82% and a return on equity of 21.60%. Research analysts forecast that Morgan Sindall Group will post 238.9649924 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider John Christopher Morgan sold 18,262 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of GBX 3,120 ($41.75), for a total transaction of £569,774.40 ($762,444.00). Also, insider Kelly Gangotra purchased 932 shares of Morgan Sindall Group stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of GBX 3,185 ($42.62) per share, for a total transaction of £29,684.20 ($39,721.93). 11.05% of the stock is owned by company insiders.

About Morgan Sindall Group

Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, reported an annual revenue of £4.5bn in the full year 2024. The Group employs over 8,000 employees and operates in the public, regulated and private sectors. It reports through six divisions of Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure and Property Services.