Grainger plc Announces Dividend of GBX 1.74 (GRI)

Grainger plc (LON:GRI) announced a dividend on Thursday, May 17th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 24th will be paid a dividend of GBX 1.74 ($0.02) per share on Thursday, July 5th. This represents a dividend yield of 0.54%. The ex-dividend date is Thursday, May 24th. The official announcement can be accessed at this link.

Shares of Grainger opened at GBX 310.40 ($4.21) on Friday, MarketBeat Ratings reports. Grainger has a 52 week low of GBX 243.05 ($3.30) and a 52 week high of GBX 385.25 ($5.23).

Grainger (LON:GRI) last issued its quarterly earnings data on Thursday, May 17th. The company reported GBX 10.10 ($0.14) EPS for the quarter. Grainger had a return on equity of 10.94% and a net margin of 143.68%.

In other Grainger news, insider Vanessa Simms bought 94 shares of Grainger stock in a transaction dated Friday, May 4th. The stock was bought at an average cost of GBX 317 ($4.30) per share, with a total value of £297.98 ($404.21).

GRI has been the subject of several analyst reports. Peel Hunt reissued a “buy” rating on shares of Grainger in a research note on Wednesday, May 9th. JPMorgan Chase raised Grainger to an “overweight” rating and increased their price objective for the stock from GBX 320 ($4.34) to GBX 330 ($4.48) in a research note on Thursday, January 25th. Barclays reissued an “overweight” rating and issued a GBX 320 ($4.34) price objective on shares of Grainger in a research note on Thursday, February 22nd. N+1 Singer reissued a “buy” rating and issued a GBX 356 ($4.83) price objective on shares of Grainger in a research note on Wednesday, February 7th. Finally, Jefferies Group reissued a “hold” rating and issued a GBX 282 ($3.83) price objective on shares of Grainger in a research note on Thursday, January 18th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 328 ($4.45).

About Grainger

Grainger plc, together with its subsidiaries, owns, develops, manages, and rents residential properties in the United Kingdom The company operates through three segments: Residential, Development, and Funds. It also provides fund management, asset management, and property management services. The company was founded in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.

Dividend History for Grainger (LON:GRI)

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