Smiths News plc (LON:SNWS) Announces Dividend of GBX 5.40

Smiths News plc (LON:SNWS) announced a dividend on Tuesday, November 5th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 9th will be paid a dividend of GBX 5.40 ($0.07) per share on Thursday, February 6th. This represents a dividend yield of 9.47%. The ex-dividend date is Thursday, January 9th. This is an increase from Smiths News’s previous dividend of $1.75. The official announcement can be viewed at this link.

Smiths News Stock Performance

SNWS opened at GBX 61.20 ($0.80) on Thursday. The business’s 50 day moving average is GBX 57.56 and its 200-day moving average is GBX 58.46. The stock has a market cap of £145.10 million, a PE ratio of 680.00, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. Smiths News has a twelve month low of GBX 45 ($0.59) and a twelve month high of GBX 67.80 ($0.88).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 95 ($1.24) price target on shares of Smiths News in a research report on Tuesday.

Insiders Place Their Bets

In related news, insider Jonathan Bunting sold 1,183,423 shares of Smiths News stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of GBX 61 ($0.79), for a total transaction of £721,888.03 ($939,713.66). 13.12% of the stock is owned by insiders.

About Smiths News

Smiths News plc, together with its subsidiaries, engages in the distributing of newspapers and magazines in the United Kingdom and internationally. It operates through Smiths News Core, Dawson Media Direct, Instore, and Other businesses segments. The company supplies inflight entertainment to airlines and travel points.