Grainger plc (LON:GRI) Declares Dividend of GBX 5.01

Grainger plc (LON:GRI) announced a dividend on Thursday, November 21st,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, January 16th will be paid a dividend of GBX 5.01 ($0.06) per share on Friday, February 21st. This represents a yield of 2.26%. The ex-dividend date is Thursday, January 16th. This is an increase from Grainger’s previous dividend of $2.54. The official announcement can be viewed at this link.

Grainger Trading Up 1.1 %

Shares of GRI opened at GBX 235 ($2.95) on Friday. The company has a market capitalization of £1.73 billion, a P/E ratio of 8,183.33, a P/E/G ratio of 1.51 and a beta of 0.71. Grainger has a 1-year low of GBX 218.50 ($2.74) and a 1-year high of GBX 278.80 ($3.50). The firm’s 50 day simple moving average is GBX 235.78 and its 200 day simple moving average is GBX 241.35. The company has a debt-to-equity ratio of 84.35, a current ratio of 3.81 and a quick ratio of 0.87.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 336 ($4.21) price target on shares of Grainger in a research note on Friday.

Grainger Company Profile

Grainger plc, together with its subsidiaries, owns, operates, and manages private rental homes in the United Kingdom. The company was formerly known as Grainger Trust Plc and changed the name to Grainger Plc in March 2007. Grainger plc was incorporated in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.