UBM plc (UBM) Plans Dividend of GBX 18

UBM plc (LON:UBM) declared a dividend on Wednesday, February 28th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 19th will be given a dividend of GBX 18 ($0.25) per share on Thursday, May 24th. This represents a yield of 1.96%. The ex-dividend date is Thursday, April 19th. This is an increase from UBM’s previous dividend of $5.50. The official announcement can be viewed at this link.

LON UBM opened at GBX 951.50 ($13.45) on Friday. UBM has a fifty-two week low of GBX 639 ($9.03) and a fifty-two week high of GBX 957.50 ($13.53).

In related news, insider Tim Cobbold sold 117,272 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of GBX 930 ($13.14), for a total transaction of £1,090,629.60 ($1,541,525.94). Also, insider Terry Neil purchased 585 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of GBX 919 ($12.99) per share, for a total transaction of £5,376.15 ($7,598.80). Over the last ninety days, insiders acquired 638 shares of company stock worth $583,286.



UBM has been the subject of a number of analyst reports. Peel Hunt upped their price target on UBM from GBX 760 ($10.74) to GBX 810 ($11.45) and gave the stock a “buy” rating in a report on Wednesday, January 17th. Goldman Sachs cut UBM to a “neutral” rating and upped their price target for the stock from GBX 827 ($11.69) to GBX 963 ($13.61) in a report on Tuesday, January 23rd. Shore Capital restated a “hold” rating on shares of UBM in a report on Wednesday, February 28th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 910 ($12.86) target price on shares of UBM in a research report on Wednesday, February 28th. Finally, Berenberg Bank raised UBM to a “hold” rating and upped their target price for the company from GBX 675 ($9.54) to GBX 930 ($13.14) in a research report on Thursday, March 8th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 888.82 ($12.56).

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UBM Company Profile

UBM plc is a business-to-business (B2B) event organizer. The Company’s segments include Events and Other Marketing Services. In total, the Company serves over 50 different communities. The Company operates in over 20 countries. Events segment provide face-to-face interaction in the form of exhibitions, tradeshows, conferences and other live events.

Dividend History for UBM (LON:UBM)

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