NEXT plc (LON:NXT) Plans Dividend Increase – GBX 208 Per Share

NEXT plc (LON:NXT) announced a dividend on Thursday, March 27th, Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, July 17th will be given a dividend of GBX 208 ($2.69) per share on Monday, August 25th. This represents a dividend yield of 1.08%. The ex-dividend date is Thursday, July 17th. This is a 177.3% increase from NEXT’s previous dividend of $75.00. The official announcement can be accessed at this link.

NEXT Stock Performance

Shares of NXT stock opened at £110.35 ($142.87) on Friday. The stock has a 50-day simple moving average of GBX 9,824.71 and a 200 day simple moving average of GBX 9,868.12. The stock has a market capitalization of £12.99 billion, a P/E ratio of 16.60, a P/E/G ratio of 5.66 and a beta of 1.37. NEXT has a fifty-two week low of GBX 8,598 ($111.32) and a fifty-two week high of £111.04 ($143.76). The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 76.08.

NEXT (LON:NXT) last announced its quarterly earnings data on Thursday, March 27th. The company reported GBX 615.10 ($7.96) earnings per share (EPS) for the quarter. NEXT had a net margin of 13.77% and a return on equity of 55.99%. On average, sell-side analysts expect that NEXT will post 660.7526882 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of NEXT in a report on Thursday.

About NEXT

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers.

NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East.