Smurfit Kappa Group Plc (SKG) to Issue Dividend Increase – €0.65 Per Share

Smurfit Kappa Group Plc (LON:SKG) declared a dividend on Wednesday, February 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 12th will be given a dividend of €0.65 ($0.80) per share on Friday, May 11th. This represents a yield of 2.4%. The ex-dividend date is Thursday, April 12th. This is a boost from Smurfit Kappa Group’s previous dividend of $0.23. The official announcement can be seen at this link.

LON:SKG traded up GBX 10 ($0.14) on Friday, reaching GBX 3,058 ($42.93). The stock had a trading volume of 521,540 shares, compared to its average volume of 1,050,000. Smurfit Kappa Group has a 12-month low of GBX 1,712.74 ($24.04) and a 12-month high of GBX 3,254 ($45.68).

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A number of research analysts have recently commented on the stock. Numis Securities reaffirmed an “add” rating and set a GBX 2,800 ($39.30) price objective on shares of Smurfit Kappa Group in a research note on Tuesday, March 6th. Goldman Sachs upped their price objective on shares of Smurfit Kappa Group from GBX 2,700 ($37.90) to GBX 3,000 ($42.11) and gave the company a “buy” rating in a research note on Monday, March 5th.

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Smurfit Kappa Group Company Profile

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. The company operates through two segments, Europe and the Americas. It offers containerboards, corrugated containers, and other paper-based packaging products, such as solid boards, graphic boards, and bag-in-box.

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