ConvaTec Group PLC (LON:CTEC) Increases Dividend to $0.05 Per Share

ConvaTec Group PLC (LON:CTEC) announced a dividend on Wednesday, February 26th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.05 per share on Thursday, May 29th. This represents a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, April 17th. This is a 152.1% increase from ConvaTec Group’s previous dividend of $0.02. The official announcement can be seen at this link.

ConvaTec Group Stock Down 0.1 %

Shares of CTEC stock opened at GBX 258.20 ($3.40) on Tuesday. ConvaTec Group has a one year low of GBX 211.80 ($2.79) and a one year high of GBX 288.80 ($3.81). The company has a debt-to-equity ratio of 85.32, a current ratio of 2.26 and a quick ratio of 0.96. The stock has a fifty day moving average price of GBX 251.28 and a 200 day moving average price of GBX 237.44. The stock has a market cap of £6.57 billion, a P/E ratio of 43.48, a price-to-earnings-growth ratio of 0.93 and a beta of 0.64.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 310 ($4.09) target price on shares of ConvaTec Group in a research note on Wednesday, March 5th.

Insiders Place Their Bets

In other news, insider Karim Bitar sold 132,253 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of GBX 256 ($3.38), for a total transaction of £338,567.68 ($446,423.63). Insiders own 19.65% of the company’s stock.

About ConvaTec Group

ConvaTec Group PLC engages in the development, manufacturing, and sale of medical products, services, and technologies in Europe, North America, and internationally. The company offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, and acute conditions resulting from traumatic injury and burns.