Marks and Spencer Group PLC (OTCMKTS:MAKSY) Announces $0.03 Dividend

Marks and Spencer Group PLC (OTCMKTS:MAKSY) declared a dividend on Wednesday, November 26th, investing.com reports. Investors of record on Monday, December 1st will be paid a dividend of 0.0315 per share on Friday, January 16th. This represents a yield of 118.0%. The ex-dividend date of this dividend is Friday, November 28th.

Marks and Spencer Group Stock Up 3.5%

OTCMKTS:MAKSY traded up $0.30 during mid-day trading on Wednesday, hitting $8.96. 79,890 shares of the company’s stock traded hands, compared to its average volume of 114,450. The company has a fifty day moving average of $10.00 and a 200 day moving average of $9.74. Marks and Spencer Group has a twelve month low of $7.99 and a twelve month high of $11.51. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 0.88.

Analysts Set New Price Targets

MAKSY has been the topic of a number of research analyst reports. Citigroup upgraded Marks and Spencer Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 8th. Royal Bank Of Canada cut shares of Marks and Spencer Group from a “moderate buy” rating to a “hold” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About Marks and Spencer Group

Marks and Spencer Group plc operates various retail stores. It operates through five segments: UK Clothing & Home, UK Food, International, Ocado, and All Other. 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.