Topps Tiles Plc (TPT) Declares Dividend of GBX 2.30
Topps Tiles Plc (LON:TPT) announced a dividend on Tuesday, November 28th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 21st will be paid a dividend of GBX 2.30 ($0.03) per share on Friday, February 2nd. This represents a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, December 21st. This is an increase from Topps Tiles’s previous dividend of $1.10. The official announcement can be viewed at this link.
Shares of Topps Tiles (LON:TPT) traded down GBX 1 ($0.01) on Friday, hitting GBX 78.75 ($1.06). 209,309 shares of the stock traded hands, compared to its average volume of 395,197. Topps Tiles has a twelve month low of GBX 60 ($0.81) and a twelve month high of GBX 107 ($1.44).
Several brokerages have recently weighed in on TPT. Peel Hunt reiterated a “buy” rating and set a GBX 100 ($1.35) target price on shares of Topps Tiles in a research note on Tuesday, December 5th. Canaccord Genuity upgraded shares of Topps Tiles to a “buy” rating and increased their target price for the stock from GBX 78 ($1.05) to GBX 81 ($1.09) in a research note on Wednesday, November 29th. Finally, Liberum Capital decreased their target price on shares of Topps Tiles from GBX 105 ($1.41) to GBX 100 ($1.35) and set a “buy” rating for the company in a research note on Wednesday, October 4th.
In other news, insider Matthew Williams purchased 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was purchased at an average cost of GBX 64 ($0.86) per share, with a total value of £192,000 ($258,411.84).
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Topps Tiles Company Profile
Topps Tiles Plc is a United Kingdom-based retailer of tiles. The Company is engaged in the retail distribution of ceramic and porcelain tiles, natural stone, and related products. It operates in the Topps Tiles stores and online business segment. It supplies tiles and associated products to both trade and retail customer base, primarily for the refurbishment of the United Kingdom domestic housing.
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