WM Morrison Supermarkets PLC (MRW) Announces Dividend of GBX 8.75

WM Morrison Supermarkets PLC (LON:MRW) announced a dividend on Wednesday, March 13th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 23rd will be given a dividend of GBX 8.75 ($0.11) per share by the grocer on Monday, July 1st. This represents a dividend yield of 3.86%. The ex-dividend date is Thursday, May 23rd. This is a boost from WM Morrison Supermarkets’s previous dividend of $3.85. The official announcement can be seen at this link.

LON:MRW traded up GBX 1.35 ($0.02) during mid-day trading on Wednesday, hitting GBX 226.50 ($2.96). 9,030,228 shares of the stock traded hands, compared to its average volume of 9,680,000. WM Morrison Supermarkets has a 52 week low of GBX 205 ($2.68) and a 52 week high of GBX 254.40 ($3.32).

In related news, insider Andrew Higginson acquired 63,560 shares of the stock in a transaction on Thursday, January 31st. The stock was bought at an average cost of GBX 236 ($3.08) per share, with a total value of £150,001.60 ($196,003.66).



Several equities analysts recently commented on MRW shares. Jefferies Financial Group cut their price target on shares of WM Morrison Supermarkets from GBX 280 ($3.66) to GBX 265 ($3.46) and set a “buy” rating on the stock in a report on Friday, January 4th. HSBC cut their price target on shares of WM Morrison Supermarkets from GBX 300 ($3.92) to GBX 240 ($3.14) and set a “buy” rating on the stock in a report on Friday, January 4th. UBS Group cut their price target on shares of WM Morrison Supermarkets from GBX 295 ($3.85) to GBX 290 ($3.79) and set a “buy” rating on the stock in a report on Wednesday, January 2nd. Berenberg Bank upgraded shares of WM Morrison Supermarkets to a “buy” rating and upped their price target for the company from GBX 250 ($3.27) to GBX 285 ($3.72) in a report on Tuesday, February 5th. Finally, Morgan Stanley started coverage on shares of WM Morrison Supermarkets in a report on Thursday, February 7th. They set an “equal weight” rating on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. WM Morrison Supermarkets presently has a consensus rating of “Hold” and a consensus price target of GBX 258.18 ($3.37).

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About WM Morrison Supermarkets

Wm Morrison Supermarkets PLC operates retail super stores under the Morrisons brand name in the United Kingdom. The company is involved in in-store and online grocery retailing activities. It also manufactures and distributes fresh food, and morning goods and bread; prepares and supplies seafood; processes fresh meat; invests in, develops, and maintains properties; and offers insurance and leasing services, as well as holds pharmaceutical license.

Read More: Depreciation

Dividend History for WM Morrison Supermarkets (LON:MRW)

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