Topps Tiles Plc (TPT) Declares Dividend Increase – GBX 2.50 Per Share
Topps Tiles Plc (LON:TPT) announced a dividend on Tuesday, November 29th. Investors of record on Thursday, January 5th will be paid a dividend of GBX 2.50 ($0.03) per share on Friday, February 3rd. This represents a dividend yield of 2.96%. The ex-dividend date is Thursday, January 5th. This is a positive change from Topps Tiles Plc’s previous dividend of $1.00. The official announcement can be accessed at this link.
Shares of Topps Tiles Plc (LON:TPT) opened at 85.625 on Wednesday. The firm’s market capitalization is GBX 164.45 million. Topps Tiles Plc has a 12 month low of GBX 79.50 and a 12 month high of GBX 171.00. The company’s 50 day moving average price is GBX 89.01 and its 200-day moving average price is GBX 112.86.
A number of research firms have commented on TPT. Peel Hunt reiterated a “buy” rating and set a GBX 150 ($1.86) target price on shares of Topps Tiles Plc in a research report on Tuesday. Liberum Capital reiterated a “buy” rating and set a GBX 130 ($1.61) target price on shares of Topps Tiles Plc in a research report on Tuesday. Finally, Berenberg Bank decreased their target price on Topps Tiles Plc from GBX 155 ($1.92) to GBX 125 ($1.55) and set a “hold” rating on the stock in a research report on Tuesday, August 9th.
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Topps Tiles Plc Company Profile
Topps Tiles PLC is a United Kingdom-based retailer of tiles. The Company’s business focuses on wood flooring, and supplies tiles and associated accessories for refurbishment of domestic housing. Its principal activity includes the retail distribution of ceramic and porcelain tiles, natural stone, wood flooring and related products.
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