Centrica PLC (LON:CNA) to Issue Dividend Increase – GBX 3.50 Per Share

Centrica PLC (LON:CNA) declared a dividend on Thursday, February 13th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 7th will be paid a dividend of GBX 3.50 ($0.05) per share by the integrated energy company on Monday, June 22nd. This represents a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, May 7th. This is a positive change from Centrica’s previous dividend of $1.50. The official announcement can be accessed at this link.

Shares of LON:CNA opened at GBX 71.26 ($0.94) on Friday. Centrica has a 52-week low of GBX 63.99 ($0.84) and a 52-week high of GBX 140.70 ($1.85). The stock has a market cap of $4.15 billion and a price-to-earnings ratio of -6.66. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 181.72. The business has a 50-day moving average price of GBX 87.75 and a 200-day moving average price of GBX 77.98.

Centrica (LON:CNA) last announced its quarterly earnings results on Thursday, February 13th. The integrated energy company reported GBX 7.30 ($0.10) earnings per share for the quarter, meeting the consensus estimate of GBX 7.30 ($0.10). As a group, equities analysts anticipate that Centrica will post 1258.9999594 EPS for the current fiscal year.

Several brokerages recently weighed in on CNA. Credit Suisse Group reiterated a “neutral” rating on shares of Centrica in a research report on Monday, January 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 75 ($0.99) price target on shares of Centrica in a research report on Tuesday, February 4th. Kepler Capital Markets cut Centrica to a “reduce” rating in a research report on Tuesday, January 14th. Barclays lifted their price target on Centrica from GBX 70 ($0.92) to GBX 84 ($1.10) and gave the company an “underweight” rating in a research report on Monday, February 3rd. Finally, UBS Group reduced their price target on Centrica from GBX 110 ($1.45) to GBX 105 ($1.38) and set a “buy” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 94.70 ($1.25).

Centrica Company Profile

Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, Germany, Norway, rest of Europe, the United States, Canada, and internationally. The company operates through Centrica Consumer, Centrica Business, and Exploration & Production segments. It supplies gas and electricity to residential customers, as well as offers energy-related services; and generates power from combined cycle gas turbines and nuclear assets.

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Dividend History for Centrica (LON:CNA)

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