Mears Group PLC (LON:MER) announced a dividend on Tuesday, March 19th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 13th will be given a dividend of GBX 8.85 ($0.12) per share on Thursday, July 4th. This represents a dividend yield of 3.24%. The ex-dividend date is Thursday, June 13th. This is a positive change from Mears Group’s previous dividend of $3.55. The official announcement can be accessed at this link.
Shares of Mears Group stock traded down GBX 17 ($0.22) on Tuesday, hitting GBX 273 ($3.57). 829,739 shares of the company traded hands, compared to its average volume of 179,226. The company has a debt-to-equity ratio of 64.58, a quick ratio of 0.80 and a current ratio of 1.02. The stock has a market cap of $290.41 million and a P/E ratio of 34.56. Mears Group has a 12-month low of GBX 265 ($3.46) and a 12-month high of GBX 400 ($5.23).
Several analysts have recently weighed in on MER shares. Liberum Capital restated a “buy” rating on shares of Mears Group in a research report on Tuesday, January 15th. Peel Hunt restated a “buy” rating on shares of Mears Group in a research report on Monday, February 18th.
About Mears Group
Mears Group PLC, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. It operates in two segments, Housing and Care. The company offers rapid response and planned maintenance services to local authorities and registered social landlords, including responsive repairs; gas and voids services; maintenance, repairs, capital works, and energy investment solution for public buildings; estate cleaning services; and grounds maintenance, hard landscaping, soft landscaping, and arboriculture.
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