Smiths News plc (SNWS) To Go Ex-Dividend on January 9th

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

Smiths News Trading Up 1.4 %

Shares of Smiths News stock opened at GBX 69.38 ($0.87) on Tuesday. The company has a market capitalization of £164.49 million, a P/E ratio of 770.89, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. The stock has a fifty day simple moving average of GBX 62.54 and a 200 day simple moving average of GBX 59.68. Smiths News has a 12-month low of GBX 45.20 ($0.57) and a 12-month high of GBX 71 ($0.89).

Insider Buying and Selling at Smiths News

In related news, insider Deborah Rabey acquired 20,663 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were purchased at an average price of GBX 63 ($0.79) per share, for a total transaction of £13,017.69 ($16,286.36). Also, insider Paul Baker sold 319,586 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of GBX 61 ($0.76), for a total value of £194,947.46 ($243,897.74). Insiders have sold a total of 1,993,578 shares of company stock valued at $121,608,258 in the last 90 days. Corporate insiders own 13.12% of the company’s stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 95 ($1.19) target price on shares of Smiths News in a research note on Tuesday, November 5th.

About Smiths News

In 1792 we started delivering the nation’s newspapers. Today, we’re proud to be the UK’s largest wholesaler of newspapers and magazines, serving 24,000 retailers from superstores to corner shops.

Service and efficiency put us at the forefront of our industry and with 55% market share we are the leading player in one of the world’s fastest-moving supply chains.