Marks and Spencer Group (LON:MKS) Reaches New 1-Year High Following Dividend Announcement

Marks and Spencer Group plc (LON:MKS) hit a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The stock traded as high as GBX 402.60 ($5.24) and last traded at GBX 400.10 ($5.21), with a volume of 28615467 shares changing hands. The stock had previously closed at GBX 383.50 ($4.99).

The newly announced dividend which will be paid on Friday, January 10th. Stockholders of record on Thursday, November 28th will be issued a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 0.26%. Marks and Spencer Group’s dividend payout ratio (DPR) is 1,428.57%.

Marks and Spencer Group Stock Up 3.8 %

The business has a 50-day moving average of GBX 367.79 and a 200 day moving average of GBX 320.49. The company has a market capitalization of £8.04 billion, a PE ratio of 1,896.19, a P/E/G ratio of 0.20 and a beta of 1.62. The company has a debt-to-equity ratio of 110.71, a current ratio of 0.86 and a quick ratio of 0.42.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through: UK Clothing & Home, UK Food, International, Ocado, and All Other segments. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move’ products.