M&C Saatchi plc (LON:SAA) Plans Dividend of GBX 1.60

M&C Saatchi plc (LON:SAA) announced a dividend on Wednesday, April 10th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 9th will be paid a dividend of GBX 1.60 ($0.02) per share on Monday, June 24th. This represents a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, May 9th. This is a positive change from M&C Saatchi’s previous dividend of $1.50. The official announcement can be accessed at this link.

M&C Saatchi Trading Up 1.3 %

Shares of LON:SAA opened at GBX 200 ($2.51) on Wednesday. The stock’s 50-day simple moving average is GBX 179.23 and its two-hundred day simple moving average is GBX 162.52. The stock has a market capitalization of £244.52 million, a price-to-earnings ratio of -6,583.33 and a beta of 1.30. M&C Saatchi has a 52-week low of GBX 118.50 ($1.49) and a 52-week high of GBX 201 ($2.53). The company has a debt-to-equity ratio of 221.38, a quick ratio of 0.93 and a current ratio of 0.92.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “not rated” rating on shares of M&C Saatchi in a report on Wednesday, April 10th.

Insider Transactions at M&C Saatchi

In related news, insider Christopher Paul Sweetland acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was bought at an average cost of GBX 184 ($2.31) per share, for a total transaction of £36,800 ($46,231.16). Corporate insiders own 28.01% of the company’s stock.

M&C Saatchi Company Profile

M&C Saatchi plc provides advertising and marketing communications services in the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company was founded in 1995 and is based in London, the United Kingdom.