Kingfisher plc (LON:KGF – Get Rating) announced a dividend on Tuesday, September 20th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 6th will be paid a dividend of GBX 3.80 ($0.05) per share by the home improvement retailer on Friday, November 11th. This represents a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, October 6th. The official announcement can be seen at this link.

Kingfisher Price Performance

Shares of LON KGF opened at GBX 233.50 ($2.82) on Tuesday. The stock has a market capitalization of £4.51 billion and a price-to-earnings ratio of 702.50. Kingfisher has a 12 month low of GBX 211.40 ($2.55) and a 12 month high of GBX 359.80 ($4.35). The firm's 50 day simple moving average is GBX 241.79 and its 200-day simple moving average is GBX 249.89. The company has a debt-to-equity ratio of 34.50, a current ratio of 1.25 and a quick ratio of 0.27.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KGF. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a GBX 220 ($2.66) price objective on shares of Kingfisher in a research note on Wednesday, September 21st. Berenberg Bank reaffirmed a "hold" rating and set a GBX 295 ($3.56) price objective on shares of Kingfisher in a research note on Tuesday, June 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 270 ($3.26) price objective on shares of Kingfisher in a research note on Wednesday, September 21st. Finally, Jefferies Financial Group cut shares of Kingfisher to a "hold" rating and dropped their price objective for the stock from GBX 335 ($4.05) to GBX 240 ($2.90) in a research note on Tuesday, September 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Kingfisher has a consensus rating of "Hold" and an average target price of GBX 275 ($3.32).

About Kingfisher

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. The company also offers property investment, finance, digital, sourcing and franchising, and IT services. It operates approximately 1,470 stores in eight countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koctas brands.

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