Electrocomponents plc (LON:ECM) announced a dividend on Tuesday, May 21st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 13th will be given a dividend of GBX 9.50 ($0.12) per share on Thursday, July 25th. This represents a yield of 1.5%. The ex-dividend date is Thursday, June 13th. This is an increase from Electrocomponents’s previous dividend of $5.30. The official announcement can be viewed at this link.
Electrocomponents stock traded down GBX 7.40 ($0.10) during mid-day trading on Wednesday, hitting GBX 627.80 ($8.20). The company’s stock had a trading volume of 271,992 shares, compared to its average volume of 1,240,000. The company has a quick ratio of 1.12, a current ratio of 1.92 and a debt-to-equity ratio of 43.00. The company has a market capitalization of $2.79 billion and a PE ratio of 18.91. Electrocomponents has a 12 month low of GBX 478.40 ($6.25) and a 12 month high of GBX 779.20 ($10.18).
ECM has been the subject of several recent research reports. Peel Hunt reissued an “add” rating and issued a GBX 610 ($7.97) price target on shares of Electrocomponents in a research note on Thursday, April 4th. Liberum Capital reaffirmed a “buy” rating on shares of Electrocomponents in a research note on Tuesday, May 21st. UBS Group reaffirmed a “buy” rating on shares of Electrocomponents in a research note on Monday, May 20th. Numis Securities reaffirmed a “buy” rating on shares of Electrocomponents in a research note on Thursday, May 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Electrocomponents in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Electrocomponents presently has an average rating of “Hold” and a consensus price target of GBX 710.13 ($9.28).
Electrocomponents Company Profile
Electrocomponents plc, together with its subsidiaries, distributes various electronics and industrial products in Northern Europe, Southern Europe, Central Europe, the Asia Pacific, and the Americas. The company distributes semiconductor products, including microcontrollers, voltage regulators, transistors, and diodes; and interconnectors, passives, and electromechanical components, such as resistors, switches, and heavy-duty connectors for industrial applications and power supplies.
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