Tesco PLC (LON:TSCO) declared a dividend on Wednesday, April 10th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 16th will be given a dividend of GBX 4.10 ($0.05) per share by the retailer on Friday, June 21st. This represents a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from Tesco’s previous dividend of $1.67. The official announcement can be accessed at this link.
TSCO opened at GBX 243.30 ($3.18) on Wednesday. The firm has a market cap of $23.64 billion and a PE ratio of 17.89. The company has a quick ratio of 0.48, a current ratio of 0.61 and a debt-to-equity ratio of 49.02. Tesco has a one year low of GBX 187.05 ($2.44) and a one year high of GBX 266.80 ($3.49).
A number of research firms have recently commented on TSCO. BNP Paribas restated an “outperform” rating and set a GBX 275 ($3.59) price target (up from GBX 220 ($2.87)) on shares of Tesco in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 280 ($3.66) price target (up from GBX 265 ($3.46)) on shares of Tesco in a research report on Monday, April 8th. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Wednesday, April 10th. Barclays restated an “overweight” rating on shares of Tesco in a research report on Thursday, April 11th. Finally, Goldman Sachs Group restated a “buy” rating and set a GBX 265 ($3.46) price target on shares of Tesco in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 280.33 ($3.66).
Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.
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