Mitchells & Butlers plc (LON:MAB) announced a dividend on Thursday, November 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 14th will be given a dividend of GBX 5 ($0.07) per share on Tuesday, February 6th. This represents a dividend yield of 1.99%. The ex-dividend date is Thursday, December 14th. This is an increase from Mitchells & Butlers’s previous dividend of $2.50. The official announcement can be viewed at this link.
Mitchells & Butlers (LON:MAB) traded up GBX 1.38 ($0.02) during trading on Friday, hitting GBX 257.99 ($3.47). The stock had a trading volume of 323,712 shares, compared to its average volume of 548,752. Mitchells & Butlers has a 1-year low of GBX 219.90 ($2.96) and a 1-year high of GBX 280 ($3.77).
A number of analysts have recently weighed in on MAB shares. Peel Hunt reaffirmed an “add” rating and set a GBX 300 ($4.04) price objective on shares of Mitchells & Butlers in a research report on Thursday, November 23rd. Deutsche Bank reaffirmed a “hold” rating and set a GBX 245 ($3.30) price objective on shares of Mitchells & Butlers in a research report on Wednesday, October 18th. Canaccord Genuity reaffirmed a “hold” rating and set a GBX 240 ($3.23) price objective on shares of Mitchells & Butlers in a research report on Friday, September 22nd. Shore Capital reissued a “hold” rating on shares of Mitchells & Butlers in a report on Thursday, September 21st. Finally, increased their target price on Mitchells & Butlers from GBX 260 ($3.50) to GBX 265 ($3.57) and gave the company a “hold” rating in a report on Friday, September 1st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Mitchells & Butlers presently has a consensus rating of “Hold” and a consensus price target of GBX 270.45 ($3.64).
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Mitchells & Butlers Company Profile
Mitchells & Butlers plc is an operator of managed restaurants and pubs. The Company’s portfolio of brands and formats includes Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Crown Carveries, Stonehouse, Vintage Inns, Browns, Castle, Nicholson’s, O’Neill’s and Ember Inns.
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