Discoverie Group PLC (DSCV) to Issue Dividend of GBX 2.97 on January 6th

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Discoverie Group PLC (LON:DSCV) announced a dividend on Thursday, November 28th, Upcoming.Co.Uk reports. Investors of record on Thursday, December 12th will be paid a dividend of GBX 2.97 ($0.04) per share on Monday, January 6th. This represents a dividend yield of 0.54%. The ex-dividend date is Thursday, December 12th. The official announcement can be viewed at this link.

Shares of LON DSCV opened at GBX 542 ($7.13) on Tuesday. Discoverie Group has a 52-week low of GBX 350 ($4.60) and a 52-week high of GBX 581.88 ($7.65). The company has a debt-to-equity ratio of 58.18, a quick ratio of 1.18 and a current ratio of 1.90. The stock has a market cap of $480.79 million and a P/E ratio of 25.57. The firm has a 50 day moving average price of GBX 514 and a 200 day moving average price of GBX 451.54.

Several equities research analysts have weighed in on the stock. FinnCap reiterated a “corporate” rating and issued a GBX 579 ($7.62) target price (up from GBX 535 ($7.04)) on shares of Discoverie Group in a report on Thursday, November 28th. Peel Hunt reissued a “buy” rating on shares of Discoverie Group in a report on Thursday, November 28th. Finally, Jefferies Financial Group upped their price objective on shares of Discoverie Group from GBX 500 ($6.58) to GBX 540 ($7.10) and gave the company a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 539.80 ($7.10).

Discoverie Group Company Profile

discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. It operates through two divisions, Design & Manufacturing and Custom Supply. The company also offers technically demanding, customized electronic, photonic, and medical products to the industrial, medical, and healthcare markets.

Further Reading: Cost of Capital Explained

Dividend History for Discoverie Group (LON:DSCV)

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