McCarthy & Stone PLC (MCS) Declares Dividend of GBX 3.60

McCarthy & Stone PLC (LON:MCS) announced a dividend on Tuesday, November 14th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, January 4th will be paid a dividend of GBX 3.60 ($0.05) per share on Thursday, February 1st. This represents a dividend yield of 2.26%. The ex-dividend date is Thursday, January 4th. This is a boost from McCarthy & Stone’s previous dividend of $1.80. The official announcement can be seen at this link.

Shares of McCarthy & Stone (MCS) opened at GBX 148 ($2.01) on Friday. McCarthy & Stone has a twelve month low of GBX 143.78 ($1.95) and a twelve month high of GBX 199.60 ($2.71). The stock has a market capitalization of $794.17 and a P/E ratio of 1,057.14.

McCarthy & Stone (LON:MCS) last released its quarterly earnings results on Tuesday, November 14th. The company reported GBX 13.80 ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 14 ($0.19) by GBX (0.20) ($0.00). McCarthy & Stone had a net margin of 13.44% and a return on equity of 15.67%. The company had revenue of £660.90 million for the quarter.

Several research firms recently weighed in on MCS. Deutsche Bank restated a “buy” rating and set a GBX 219 ($2.97) price target on shares of McCarthy & Stone in a report on Monday, December 18th. Canaccord Genuity cut their price objective on McCarthy & Stone from GBX 187 ($2.54) to GBX 185 ($2.51) and set a “buy” rating on the stock in a research report on Wednesday, November 15th. cut their price objective on McCarthy & Stone from GBX 179 ($2.43) to GBX 164 ($2.22) and set a “hold” rating on the stock in a research report on Tuesday, November 14th. Numis Securities cut their price objective on McCarthy & Stone from GBX 179 ($2.43) to GBX 164 ($2.22) and set a “hold” rating on the stock in a research report on Tuesday, November 14th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 205 ($2.78) price objective on shares of McCarthy & Stone in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 197.75 ($2.68).

In other McCarthy & Stone news, insider John White acquired 100,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of GBX 158 ($2.14) per share, with a total value of £158,000 ($214,266.34).

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