Fevertree Drinks PLC (FEVR) to Issue Dividend of GBX 7.64

Fevertree Drinks PLC (LON:FEVR) declared a dividend on Tuesday, March 13th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 19th will be given a dividend of GBX 7.64 ($0.11) per share on Friday, May 25th. This represents a yield of 0.26%. The ex-dividend date of this dividend is Thursday, April 19th. This is a boost from Fevertree Drinks’s previous dividend of $3.01. The official announcement can be seen at this link.

FEVR stock opened at GBX 2,658 ($37.57) on Friday. Fevertree Drinks has a fifty-two week low of GBX 1,353.93 ($19.14) and a fifty-two week high of GBX 2,926 ($41.36).

In other news, insider Andrew Branchflower sold 26,905 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of GBX 2,596 ($36.69), for a total value of £698,453.80 ($987,213.85). Also, insider Kevin Havelock bought 5,000 shares of Fevertree Drinks stock in a transaction dated Monday, April 9th. The stock was acquired at an average cost of GBX 2,682 ($37.91) per share, with a total value of £134,100 ($189,540.64).

FEVR has been the subject of a number of recent research reports. Shore Capital reissued a “hold” rating on shares of Fevertree Drinks in a report on Wednesday, March 28th. Morgan Stanley reissued an “overweight” rating and set a GBX 3,100 ($43.82) price objective on shares of Fevertree Drinks in a report on Tuesday, March 13th. Berenberg Bank boosted their price objective on Fevertree Drinks from GBX 2,850 ($40.28) to GBX 3,350 ($47.35) and gave the stock a “buy” rating in a report on Monday, March 19th. Jefferies Group initiated coverage on Fevertree Drinks in a report on Friday, January 19th. They set a “buy” rating and a GBX 3,000 ($42.40) price objective for the company. Finally, Royal Bank of Canada raised Fevertree Drinks to an “outperform” rating and boosted their price objective for the stock from GBX 2,350 ($33.22) to GBX 3,300 ($46.64) in a report on Monday, March 19th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 2,863.33 ($40.47).

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Fevertree Drinks Company Profile

Fevertree Drinks plc is a United Kingdom-based holding and investment company. The Company is a developer and supplier of premium mixer drinks. The Company’s premium mixers consist of a range of all natural carbonated mixers, including Tonics, Ginger Ale, Ginger Beer, Bitter Lemon and Lemonades. The Company sells a range of products under the Fever-Tree brand, which include Indian Tonic Water, Naturally Light Tonic Water, Elderflower Tonic Water, Mediterranean Tonic Water, Ginger Ale, Ginger Beer, Naturally Light Ginger Beer, Bitter Lemon, Sicilian Lemonade, Lemonade, Spring Soda Water and Premium Cola.

Dividend History for Fevertree Drinks (LON:FEVR)

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