Northgate plc (LON:NTG) to Issue Dividend of GBX 12.10

Northgate plc (LON:NTG) declared a dividend on Tuesday, June 25th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 15th will be given a dividend of GBX 12.10 ($0.16) per share on Friday, September 27th. This represents a dividend yield of 3.82%. The ex-dividend date is Thursday, August 15th. This is a boost from Northgate’s previous dividend of $6.20. The official announcement can be seen at this link.

NTG stock opened at GBX 343 ($4.48) on Wednesday. The company’s 50-day moving average is GBX 337.55. The stock has a market cap of $456.87 million and a PE ratio of 9.07. Northgate has a twelve month low of GBX 300 ($3.92) and a twelve month high of GBX 447.60 ($5.85). The company has a current ratio of 1.06, a quick ratio of 0.83 and a debt-to-equity ratio of 84.03.

Several brokerages recently issued reports on NTG. Peel Hunt reissued a “buy” rating on shares of Northgate in a research note on Tuesday. Numis Securities reissued a “buy” rating on shares of Northgate in a research note on Friday, June 14th. Finally, Barclays decreased their target price on Northgate from GBX 450 ($5.88) to GBX 410 ($5.36) and set an “overweight” rating on the stock in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of GBX 473 ($6.18).

About Northgate

Northgate plc provides light commercial vehicle hire services in the United Kingdom, Spain, and the Republic of Ireland. It also sells used vehicles; supplies other related goods and services; and offers fleet management services. The company operates a fleet of 52,900 vehicles in the United Kingdom; and a fleet of 48,000 vehicles in Spain.

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Dividend History for Northgate (LON:NTG)

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