Mears Group PLC Declares Dividend of GBX 3.55 (MER)

Mears Group PLC (LON:MER) announced a dividend on Tuesday, August 14th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 18th will be paid a dividend of GBX 3.55 ($0.05) per share on Thursday, November 8th. This represents a yield of 1.02%. The ex-dividend date of this dividend is Thursday, October 18th. The official announcement can be accessed at this link.

Shares of Mears Group stock opened at GBX 360 ($4.70) on Friday. Mears Group has a 52 week low of GBX 357.50 ($4.67) and a 52 week high of GBX 533.50 ($6.97).

A number of brokerages have commented on MER. Liberum Capital reissued a “buy” rating on shares of Mears Group in a research note on Tuesday, August 14th. Peel Hunt reissued a “buy” rating and issued a GBX 500 ($6.53) price objective on shares of Mears Group in a research note on Tuesday, August 14th. Finally, Jefferies Financial Group reduced their price objective on Mears Group from GBX 460 ($6.01) to GBX 380 ($4.97) and set a “hold” rating for the company in a research note on Monday, August 6th.

About Mears Group

Mears Group PLC, through its subsidiaries, provides a range of outsourced services to the public and private sectors in the United Kingdom. It operates in two segments, Housing and Care. The company offers rapid response and planned maintenance services to local authorities and registered social landlords, including responsive repairs; gas and voids services; maintenance, repairs, capital works, and energy investment solution for public buildings; estate cleaning services; and grounds maintenance, hard landscaping, soft landscaping, and arboriculture.

Further Reading: Bond

Dividend History for Mears Group (LON:MER)

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