Greggs plc (GRG) to Issue Dividend of GBX 50 on May 30th

Greggs plc (LON:GRG) declared a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Investors of record on Thursday, May 1st will be paid a dividend of GBX 50 ($0.67) per share on Friday, May 30th. This represents a yield of 2.7%. The ex-dividend date is Thursday, May 1st. This is a 163.2% increase from Greggs’s previous dividend of $19.00. The official announcement can be viewed at this link.

Greggs Stock Up 1.6 %

GRG stock opened at GBX 1,864 ($25.04) on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.80 and a debt-to-equity ratio of 66.19. The company has a 50 day moving average of GBX 1,852.54 and a two-hundred day moving average of GBX 2,310.61. Greggs has a 12-month low of GBX 1,657 ($22.26) and a 12-month high of GBX 3,250 ($43.67). The company has a market cap of £1.88 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 3.39 and a beta of 1.43.

Greggs (LON:GRG) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 150.70 ($2.02) earnings per share (EPS) for the quarter. Greggs had a return on equity of 26.79% and a net margin of 7.13%. On average, equities analysts anticipate that Greggs will post 142.3763386 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Roisin Currie purchased 721 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average cost of GBX 1,796 ($24.13) per share, for a total transaction of £12,949.16 ($17,397.77). Insiders own 5.89% of the company’s stock.

Analyst Ratings Changes

Separately, Berenberg Bank reduced their price target on Greggs from GBX 3,420 ($45.95) to GBX 3,250 ($43.67) and set a “buy” rating on the stock in a research report on Wednesday, March 5th.

About Greggs

Greggs is a leading UK food-on-the-go retailer with more than 2,600 shops nationwide and approximately 33,000 employees across the business.

As a food-on-the-go retailer, Greggs specialises in daily fresh shop-made sandwiches, and savouries baked fresh in the shop ovens throughout the day. These are further complemented by popular products and ranges including freshly ground coffee, breakfast, confectionery and evening menu items.