The Pebble Group plc (LON:PEBB – Get Free Report) shares traded down 2.4% on Thursday . The company traded as low as GBX 60 ($0.74) and last traded at GBX 61 ($0.75). 18,044 shares were traded during mid-day trading, a decline of 96% from the average session volume of 467,700 shares. The stock had previously closed at GBX 62.50 ($0.77).
Wall Street Analysts Forecast Growth
Separately, Shore Capital restated a “buy” rating on shares of The Pebble Group in a report on Thursday, March 28th.
Get Our Latest Stock Analysis on PEBB
The Pebble Group Trading Down 2.4 %
The Pebble Group Increases Dividend
The company also recently announced a dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, April 4th will be paid a GBX 1.20 ($0.01) dividend. This represents a dividend yield of 1.92%. This is an increase from The Pebble Group’s previous dividend of $0.60. The ex-dividend date is Thursday, April 4th. The Pebble Group’s payout ratio is presently 3,333.33%.
About The Pebble Group
The Pebble Group plc sells digital commerce, products, and related services to the promotional merchandise industry in the United Kingdom, Continental Europe, the United States, and internationally. It operates through two segments, Brand Addition and Facilisgroup. The company is involved in the design, sourcing, and delivery of promotional products and related services to various brands operating in the engineering, financial services, health, beauty, FMCG, technology, transport, and other sectors.
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