M&C Saatchi plc (SAA) to Issue Dividend of GBX 1.60 on June 24th

M&C Saatchi plc (LON:SAA) announced a dividend on Wednesday, April 10th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 9th will be given a dividend of GBX 1.60 ($0.02) per share on Monday, June 24th. This represents a yield of 0.91%. The ex-dividend date is Thursday, May 9th. This is a positive change from M&C Saatchi’s previous dividend of $1.50. The official announcement can be accessed at this link.

M&C Saatchi Price Performance

LON SAA opened at GBX 201 ($2.53) on Tuesday. M&C Saatchi has a 12 month low of GBX 118.50 ($1.49) and a 12 month high of GBX 201 ($2.53). The stock has a market cap of £245.74 million, a price-to-earnings ratio of -6,516.67 and a beta of 1.30. The company’s 50 day moving average is GBX 178.76 and its two-hundred day moving average is GBX 162.05. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 221.38.

Insider Activity

In related news, insider Christopher Paul Sweetland bought 20,000 shares of the stock in a transaction dated Friday, April 19th. The stock was purchased at an average cost of GBX 184 ($2.31) per share, with a total value of £36,800 ($46,231.16). Insiders own 28.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “not rated” rating on shares of M&C Saatchi in a research report on Wednesday, April 10th.

M&C Saatchi Company Profile

M&C Saatchi plc provides advertising and marketing communications services in the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company was founded in 1995 and is based in London, the United Kingdom.