ConvaTec Group PLC (LON:CTEC) to Issue Dividend Increase – $0.05 Per Share

ConvaTec Group PLC (LON:CTEC) announced a dividend on Wednesday, February 26th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.05 per share on Thursday, May 29th. This represents a yield of 1.36%. The ex-dividend date is Thursday, April 17th. This is a 152.1% increase from ConvaTec Group’s previous dividend of $0.02. The official announcement can be viewed at this link.

ConvaTec Group Stock Performance

Shares of LON:CTEC opened at GBX 256.80 ($3.39) on Tuesday. The stock has a market capitalization of £6.53 billion, a P/E ratio of 43.25, a P/E/G ratio of 0.93 and a beta of 0.64. The company has a current ratio of 2.26, a quick ratio of 0.96 and a debt-to-equity ratio of 85.32. ConvaTec Group has a 1-year low of GBX 211.80 ($2.79) and a 1-year high of GBX 288.80 ($3.81). The business has a 50-day moving average price of GBX 251.28 and a two-hundred day moving average price of GBX 237.44.

Insider Buying and Selling

In other ConvaTec Group news, insider Karim Bitar sold 132,253 shares of ConvaTec Group stock in a transaction on Friday, March 14th. The shares were sold at an average price of GBX 256 ($3.38), for a total value of £338,567.68 ($446,423.63). 19.65% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 310 ($4.09) target price on shares of ConvaTec Group in a research note on Wednesday, March 5th.

ConvaTec Group Company Profile

ConvaTec Group PLC engages in the development, manufacturing, and sale of medical products, services, and technologies in Europe, North America, and internationally. The company offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, and acute conditions resulting from traumatic injury and burns.