Royal Mail plc (OTCMKTS:ROYMY – Get Rating) announced a dividend on Tuesday, July 19th, investing.com reports. Stockholders of record on Friday, July 29th will be paid a dividend of 0.2698 per share on Wednesday, September 21st. This represents a dividend yield of 13.91%. The ex-dividend date of this dividend is Thursday, July 28th. This is a boost from Royal Mail's previous dividend of $0.22.
Royal Mail Stock Performance
Shares of Royal Mail stock opened at $7.14 on Tuesday. Royal Mail has a 1 year low of $6.06 and a 1 year high of $14.54. The firm's 50-day simple moving average is $7.21 and its 200-day simple moving average is $9.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.10.
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Several research firms recently weighed in on ROYMY. Barclays dropped their price objective on shares of Royal Mail from GBX 400 ($4.82) to GBX 320 ($3.86) in a research note on Wednesday, June 29th. Sanford C. Bernstein lowered shares of Royal Mail from an "outperform" rating to a "market perform" rating in a research note on Friday, May 27th. JPMorgan Chase & Co. dropped their price objective on shares of Royal Mail from GBX 632 ($7.61) to GBX 360 ($4.34) in a research note on Thursday, July 21st. Berenberg Bank dropped their price target on shares of Royal Mail from GBX 575 ($6.93) to GBX 480 ($5.78) in a research note on Friday. Finally, UBS Group lowered shares of Royal Mail from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 22nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $371.67.
Royal Mail Company Profile
(Get Rating)Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.
Read More
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