Connect Group PLC (CNCT) Declares Dividend of GBX 6.70

Connect Group PLC (LON:CNCT) declared a dividend on Thursday, October 26th, Upcoming.Co.Uk reports. Investors of record on Thursday, January 11th will be given a dividend of GBX 6.70 ($0.09) per share on Friday, February 9th. This represents a yield of 6.09%. The ex-dividend date is Thursday, January 11th. This is a positive change from Connect Group’s previous dividend of $3.10. The official announcement can be accessed at this link.

Connect Group (CNCT) traded up GBX 0.40 ($0.01) during midday trading on Friday, reaching GBX 75.50 ($1.02). The company had a trading volume of 512,671 shares, compared to its average volume of 377,620. Connect Group has a 1 year low of GBX 73 ($0.99) and a 1 year high of GBX 150.75 ($2.04). The stock has a market capitalization of $186.98 and a P/E ratio of 686.36.

CNCT has been the topic of a number of research reports. Shore Capital restated a “buy” rating on shares of Connect Group in a report on Thursday, October 26th. Numis Securities restated a “buy” rating and issued a GBX 100 ($1.36) price objective (down from GBX 135 ($1.83)) on shares of Connect Group in a report on Tuesday, January 23rd. FinnCap restated a “buy” rating and issued a GBX 154 ($2.09) price objective on shares of Connect Group in a report on Thursday, October 26th. JPMorgan Chase & Co. raised their price objective on Connect Group from GBX 144 ($1.95) to GBX 145 ($1.97) and gave the stock an “overweight” rating in a report on Friday, October 27th. Finally, Peel Hunt restated an “add” rating and issued a GBX 135 ($1.83) price objective on shares of Connect Group in a report on Thursday, December 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 148.17 ($2.01).

In related news, insider Gary Kennedy bought 30,000 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was acquired at an average price of GBX 76 ($1.03) per share, for a total transaction of £22,800 ($30,919.45). Also, insider Mark Cashmore bought 38,100 shares of the stock in a transaction dated Monday, December 18th. The stock was bought at an average price of GBX 105 ($1.42) per share, with a total value of £40,005 ($54,251.42).

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Connect Group Company Profile

Connect Group PLC is a United Kingdom-based distribution company. The Company’s segments include Connect News & Media: News Distribution (Smiths News); Connect News & Media: Media (DMD); Connect Parcel Freight (Tuffnells); and Connect Books (Bertrams, Dawson Books and Wordery). Smiths News segment distributes newspapers and magazines to approximately 30,000 retailers across England and Wales from over 40 distribution centers.

Dividend History for Connect Group (LON:CNCT)

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