ConvaTec Group PLC (LON:CTEC) Raises Dividend to $0.04 Per Share

ConvaTec Group PLC (LON:CTEC) announced a dividend on Wednesday, March 6th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 25th will be paid a dividend of $0.04 per share on Thursday, May 23rd. This represents a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from ConvaTec Group’s previous dividend of $0.02. The official announcement can be accessed at this link.

ConvaTec Group Stock Performance

Shares of CTEC opened at GBX 287.20 ($3.55) on Wednesday. The company has a current ratio of 1.62, a quick ratio of 0.96 and a debt-to-equity ratio of 77.53. The company has a market capitalization of £5.89 billion, a price-to-earnings ratio of 5,732.00, a PEG ratio of 2.40 and a beta of 0.55. The stock has a 50 day moving average of GBX 272.66 and a 200 day moving average of GBX 243.66. ConvaTec Group has a 12 month low of GBX 195.10 ($2.41) and a 12 month high of GBX 295.20 ($3.65).

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CTEC shares. JPMorgan Chase & Co. increased their price objective on ConvaTec Group from GBX 300 ($3.71) to GBX 323 ($3.99) and gave the company an “overweight” rating in a report on Thursday, March 7th. Berenberg Bank raised their price target on ConvaTec Group from GBX 290 ($3.58) to GBX 310 ($3.83) and gave the stock a “buy” rating in a report on Wednesday, March 6th. Six analysts have rated the stock with a buy rating, According to MarketBeat, ConvaTec Group has a consensus rating of “Buy” and a consensus price target of GBX 307.17 ($3.79).

About ConvaTec Group

ConvaTec Group PLC engages in the development, manufacturing, and sale of medical products, services, and technologies in Europe, North America, and internationally. The company offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, and acute conditions resulting from traumatic injury and burns.