J Sainsbury plc (SBRY) to Issue Dividend of GBX 9.20 on July 12th

J Sainsbury plc (LON:SBRY) announced a dividend on Thursday, April 25th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 6th will be paid a dividend of GBX 9.20 ($0.11) per share by the grocer on Friday, July 12th. This represents a dividend yield of 3.43%. The ex-dividend date is Thursday, June 6th. This is a boost from J Sainsbury’s previous dividend of $3.90. The official announcement can be seen at this link.

J Sainsbury Stock Performance

Shares of SBRY stock opened at GBX 261.40 ($3.23) on Friday. The company has a debt-to-equity ratio of 93.13, a current ratio of 0.72 and a quick ratio of 0.53. The stock has a market cap of £6.22 billion, a PE ratio of 8,713.33, a price-to-earnings-growth ratio of 1.42 and a beta of 0.66. The stock has a 50-day moving average of GBX 258.14 and a 200-day moving average of GBX 270.26. J Sainsbury has a one year low of GBX 243.80 ($3.01) and a one year high of GBX 311.16 ($3.84).

Wall Street Analyst Weigh In

SBRY has been the subject of a number of recent analyst reports. Jefferies Financial Group raised J Sainsbury to a “buy” rating and set a GBX 300 ($3.71) price target for the company in a research note on Monday, April 22nd. Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 281.67 ($3.48).

J Sainsbury Company Profile

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.