SDL plc (SDL) to Issue Dividend Increase – GBX 7 Per Share

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SDL plc (LON:SDL) declared a dividend on Wednesday, March 20th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 25th will be given a dividend of GBX 7 ($0.09) per share on Monday, June 10th. This represents a dividend yield of 1.27%. The ex-dividend date is Thursday, April 25th. This is an increase from SDL’s previous dividend of $6.20. The official announcement can be viewed at this link.

SDL stock traded up GBX 6 ($0.08) during midday trading on Wednesday, hitting GBX 552 ($7.21). 1,561,666 shares of the company’s stock were exchanged, compared to its average volume of 100,309. The firm has a market cap of $500.54 million and a PE ratio of 29.52. SDL has a one year low of GBX 368 ($4.81) and a one year high of GBX 600 ($7.84).

Several research analysts have weighed in on SDL shares. Peel Hunt reiterated an “add” rating on shares of SDL in a report on Monday, January 21st. Canaccord Genuity lifted their target price on SDL from GBX 550 ($7.19) to GBX 650 ($8.49) and gave the stock a “buy” rating in a report on Friday, February 1st. Finally, Numis Securities reiterated a “buy” rating and set a GBX 630 ($8.23) target price on shares of SDL in a report on Monday, January 21st.

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About SDL

SDL plc provides content management and language translation services. It operates through Language Services, Language Technologies, and Global Content Technologies segments. The company offers translation services; enterprise, desktop, and statistical machine translation technologies; and content and knowledge management technologies.

Further Reading: What is Considered a Good Return on Equity (ROE)?

Dividend History for SDL (LON:SDL)

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