Macfarlane Group PLC (LON:MACF) Declares Dividend Increase – GBX 2.65 Per Share

Macfarlane Group PLC (LON:MACF) declared a dividend on Thursday, February 29th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 9th will be given a dividend of GBX 2.65 ($0.03) per share on Thursday, May 30th. This represents a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from Macfarlane Group’s previous dividend of $0.94. The official announcement can be viewed at this link.

Macfarlane Group Trading Down 0.7 %

Shares of Macfarlane Group stock opened at GBX 127.15 ($1.60) on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.19 and a debt-to-equity ratio of 37.83. Macfarlane Group has a 12-month low of GBX 98.38 ($1.24) and a 12-month high of GBX 147.50 ($1.85). The company has a market capitalization of £202.93 million, a price-to-earnings ratio of 1,422.22 and a beta of 0.71. The firm’s 50-day moving average price is GBX 136.45 and its two-hundred day moving average price is GBX 122.85.

Insider Transactions at Macfarlane Group

In related news, insider Ivor Gray sold 97,361 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of GBX 134 ($1.68), for a total value of £130,463.74 ($163,899.17). Corporate insiders own 16.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MACF. Shore Capital reissued a “house stock” rating on shares of Macfarlane Group in a report on Tuesday. Berenberg Bank reissued a “buy” rating and issued a GBX 145 ($1.82) target price on shares of Macfarlane Group in a report on Thursday, February 29th.

About Macfarlane Group

Macfarlane Group PLC, through its subsidiaries, engages in the design, manufacture, and distribution of protective packaging products to businesses. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials; and supplies storage and warehousing services in the United Kingdom, Ireland, and Europe.