Marks Electrical Group PLC (LON:MRK) Increases Dividend to GBX 0.66 Per Share

Marks Electrical Group PLC (LON:MRKGet Free Report) declared a dividend on Wednesday, June 26th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 11th will be paid a dividend of GBX 0.66 ($0.01) per share on Thursday, August 15th. This represents a dividend yield of 0.94%. The ex-dividend date is Thursday, July 11th. This is a boost from Marks Electrical Group’s previous dividend of $0.30. The official announcement can be seen at this link.

Marks Electrical Group Price Performance

MRK stock opened at GBX 70 ($0.90) on Wednesday. The company has a market cap of £73.47 million, a price-to-earnings ratio of 1,750.00 and a beta of 0.79. Marks Electrical Group has a twelve month low of GBX 64.50 ($0.83) and a twelve month high of GBX 110 ($1.41). The business has a 50 day moving average price of GBX 69.06 and a two-hundred day moving average price of GBX 72.67. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 6.38.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MRK shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 100 ($1.28) target price on shares of Marks Electrical Group in a report on Tuesday, April 16th. Shore Capital reaffirmed a “buy” rating on shares of Marks Electrical Group in a report on Tuesday, April 16th.

Get Our Latest Research Report on MRK

Insider Transactions at Marks Electrical Group

In other Marks Electrical Group news, insider Joshua E. T. A. Egan sold 61,279 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of GBX 70 ($0.90), for a total transaction of £42,895.30 ($54,944.67). In other Marks Electrical Group news, insider Joshua E. T. A. Egan sold 61,279 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of GBX 70 ($0.90), for a total transaction of £42,895.30 ($54,944.67). Also, insider Joshua E. T. A. Egan sold 40,000 shares of Marks Electrical Group stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of GBX 70 ($0.90), for a total value of £28,000 ($35,865.25). 79.04% of the stock is currently owned by corporate insiders.

About Marks Electrical Group

(Get Free Report)

Marks Electrical Group PLC operates as an electrical retailer in the United Kingdom. It sells, delivers, and installs domestic electrical appliances, consumer electronics, and warranty products. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021.

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Dividend History for Marks Electrical Group (LON:MRK)

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