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Fevertree Drinks PLC (LON:FEVR) Raises Dividend to GBX 10.68 Per Share

kopsource ·  Mar 23, 2023 09:33

Fevertree Drinks PLC (LON:FEVR – Get Rating) announced a dividend on Wednesday, March 22nd, Upcoming.Co.Uk reports. Investors of record on Thursday, April 20th will be given a dividend of GBX 10.68 ($0.13) per share on Friday, June 2nd. This represents a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, April 20th. This is an increase from Fevertree Drinks's previous dividend of $5.63. The official announcement can be viewed at this link.

Fevertree Drinks Price Performance

Shares of LON FEVR opened at GBX 1,189 ($14.60) on Thursday. The firm has a market capitalization of £1.39 billion, a P/E ratio of 3,575.76, a P/E/G ratio of -4.51 and a beta of 1.17. The company has a quick ratio of 3.21, a current ratio of 4.16 and a debt-to-equity ratio of 1.15. The stock's 50-day simple moving average is GBX 1,086.64 and its two-hundred day simple moving average is GBX 1,030.66. Fevertree Drinks has a twelve month low of GBX 804.50 ($9.88) and a twelve month high of GBX 1,889.50 ($23.20).

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FEVR shares. JPMorgan Chase & Co. restated a "neutral" rating and set a GBX 1,200 ($14.74) target price on shares of Fevertree Drinks in a report on Monday, January 30th. Barclays reissued an "equal weight" rating and issued a GBX 1,040 ($12.77) target price on shares of Fevertree Drinks in a research report on Monday, February 6th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a GBX 1,000 ($12.28) target price on shares of Fevertree Drinks in a report on Wednesday. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of GBX 1,208.33 ($14.84).

About Fevertree Drinks

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Fevertree Drinks Plc, together with its subsidiaries, develops and supplies premium mixer drinks in the United Kingdom, the United States, Europe, and internationally. The company's products include Indian tonic water, Mediterranean tonic water, elderflower tonic water, Clementine tonic water, ginger beer, ginger ale, and cola distillers.

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