QinetiQ Group plc (LON:QQ) Raises Dividend to GBX 5.30 Per Share

QinetiQ Group plc (LON:QQGet Rating) announced a dividend on Thursday, May 25th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 27th will be given a dividend of GBX 5.30 ($0.07) per share on Thursday, August 24th. This represents a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, July 27th. This is a boost from QinetiQ Group’s previous dividend of $2.40. The official announcement can be seen at this link.

QinetiQ Group Stock Down 0.6 %

Shares of LON QQ opened at GBX 370 ($4.60) on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.47 and a debt-to-equity ratio of 2.20. The company has a market cap of £2.14 billion, a P/E ratio of 1,201.29, a P/E/G ratio of 1.47 and a beta of 0.48. QinetiQ Group has a 52 week low of GBX 3.47 ($0.04) and a 52 week high of GBX 396.20 ($4.93). The business has a 50-day simple moving average of GBX 353.40 and a two-hundred day simple moving average of GBX 349.49.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Numis Securities reiterated a “buy” rating and set a GBX 460 ($5.72) price target on shares of QinetiQ Group in a research report on Thursday, February 16th. Jefferies Financial Group downgraded shares of QinetiQ Group to a “hold” rating in a research note on Wednesday, February 1st. Finally, Berenberg Bank lifted their price objective on QinetiQ Group from GBX 430 ($5.35) to GBX 450 ($5.60) and gave the stock a “buy” rating in a research report on Friday, April 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 446.25 ($5.55).

About QinetiQ Group

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QinetiQ Group plc operates as a science and engineering company primarily in the defense, security, and infrastructure markets in the United States, Australia, Europe, and internationally. The company operates through EMEA Services and Global Products segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; maritime platform, and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.

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Dividend History for QinetiQ Group (LON:QQ)

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