Inchcape plc (LON:INCH) Increases Dividend to GBX 17.20 Per Share

Inchcape plc (LON:INCH) announced a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Stockholders of record on Thursday, May 1st will be paid a dividend of GBX 17.20 ($0.23) per share on Monday, June 16th. This represents a dividend yield of 2.38%. The ex-dividend date is Thursday, May 1st. This is a 52.2% increase from Inchcape’s previous dividend of $11.30. The official announcement can be seen at this link.

Inchcape Price Performance

Shares of LON:INCH opened at GBX 664.50 ($8.93) on Tuesday. The company has a quick ratio of 0.51, a current ratio of 1.10 and a debt-to-equity ratio of 206.10. The stock has a market capitalization of £2.61 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. Inchcape has a twelve month low of GBX 575 ($7.73) and a twelve month high of GBX 874 ($11.74). The firm’s 50 day moving average price is GBX 689.44 and its 200-day moving average price is GBX 720.82.

Inchcape (LON:INCH) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 71.30 ($0.96) earnings per share for the quarter. Inchcape had a net margin of 2.45% and a return on equity of 17.60%. Equities research analysts expect that Inchcape will post 85.9639233 EPS for the current year.

Insider Buying and Selling

In other news, insider Duncan Tait bought 6,948 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of GBX 716 ($9.62) per share, for a total transaction of £49,747.68 ($66,838.21). 14.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on INCH. JPMorgan Chase & Co. cut Inchcape to a “neutral” rating in a report on Thursday, January 23rd. Citigroup lifted their price objective on Inchcape from GBX 1,113 ($14.95) to GBX 1,194 ($16.04) and gave the stock a “buy” rating in a research note on Thursday, March 6th.

About Inchcape

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.