Inchcape plc (LON:INCH) to Issue Dividend Increase – GBX 17.20 Per Share

Inchcape plc (LON:INCH) declared a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 1st will be given a dividend of GBX 17.20 ($0.23) per share on Monday, June 16th. This represents a yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 1st. This is a 52.2% increase from Inchcape’s previous dividend of $11.30. The official announcement can be viewed at this link.

Inchcape Stock Up 0.5 %

LON:INCH opened at GBX 665 ($8.93) on Tuesday. The stock’s fifty day moving average price is GBX 689.44 and its two-hundred day moving average price is GBX 720.82. Inchcape has a 52-week low of GBX 575 ($7.73) and a 52-week high of GBX 874 ($11.74). The company has a debt-to-equity ratio of 206.10, a quick ratio of 0.51 and a current ratio of 1.10. The company has a market cap of £2.61 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 2.06 and a beta of 1.19.

Inchcape (LON:INCH) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 71.30 ($0.96) earnings per share (EPS) for the quarter. Inchcape had a return on equity of 17.60% and a net margin of 2.45%. On average, analysts anticipate that Inchcape will post 85.9639233 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on INCH. JPMorgan Chase & Co. downgraded Inchcape to a “neutral” rating in a research note on Thursday, January 23rd. Citigroup lifted their target price on Inchcape from GBX 1,113 ($14.95) to GBX 1,194 ($16.04) and gave the company a “buy” rating in a research report on Thursday, March 6th.

Insiders Place Their Bets

In other Inchcape news, insider Duncan Tait bought 6,948 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of GBX 716 ($9.62) per share, with a total value of £49,747.68 ($66,838.21). Insiders own 14.84% of the company’s stock.

About Inchcape

Inchcape is the leading global automotive distributor, with operations across six continents. By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners – building stronger automotive brands and creating sustainable growth.