Inchcape plc (INCH) to Issue Dividend of GBX 17.20 on June 16th

Inchcape plc (LON:INCH) announced a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Investors of record on Thursday, May 1st will be given a dividend of GBX 17.20 ($0.23) per share on Monday, June 16th. This represents a yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 1st. This is a 52.2% increase from Inchcape’s previous dividend of $11.30. The official announcement can be seen at this link.

Inchcape Stock Up 0.4 %

INCH stock opened at GBX 664.50 ($8.93) on Tuesday. The firm has a 50-day moving average price of GBX 689.44 and a 200-day moving average price of GBX 720.82. Inchcape has a 12 month low of GBX 575 ($7.73) and a 12 month high of GBX 874 ($11.74). The company has a current ratio of 1.10, a quick ratio of 0.51 and a debt-to-equity ratio of 206.10. The stock has a market capitalization of £2.61 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19.

Inchcape (LON:INCH) last released its quarterly earnings data on Tuesday, March 4th. The company reported GBX 71.30 ($0.96) earnings per share (EPS) for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. As a group, equities research analysts anticipate that Inchcape will post 85.9639233 EPS for the current fiscal year.

Insider Activity at Inchcape

In other Inchcape news, insider Duncan Tait purchased 6,948 shares of Inchcape stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of GBX 716 ($9.62) per share, for a total transaction of £49,747.68 ($66,838.21). 14.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

INCH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut Inchcape to a “neutral” rating in a report on Thursday, January 23rd. Citigroup increased their price target on Inchcape from GBX 1,113 ($14.95) to GBX 1,194 ($16.04) and gave the company a “buy” rating in a research report on Thursday, March 6th.

About Inchcape

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.