WPP plc (WPP) To Go Ex-Dividend on June 6th

WPP plc (NYSE:WPP) declared a semi-annual dividend on Friday, February 28th, Wall Street Journal reports. Stockholders of record on Friday, June 6th will be paid a dividend of 0.9728 per share by the business services provider on Friday, July 4th. This represents a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from WPP’s previous semi-annual dividend of $0.95.

WPP has increased its dividend payment by an average of 11.1% annually over the last three years. WPP has a payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect WPP to earn $5.44 per share next year, which means the company should continue to be able to cover its $1.95 annual dividend with an expected future payout ratio of 35.8%.

WPP Price Performance

Shares of NYSE:WPP opened at $40.56 on Friday. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 6.79, a P/E/G ratio of 7.06 and a beta of 1.25. The business’s 50-day moving average is $47.69 and its 200-day moving average is $50.02. WPP has a 1 year low of $40.14 and a 1 year high of $57.37.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Kepler Capital Markets raised WPP from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. StockNews.com lowered WPP from a “buy” rating to a “hold” rating in a research report on Monday, November 18th. Finally, Barclays lowered WPP from an “overweight” rating to an “equal weight” rating in a research report on Friday.

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.