Daily Mail and General Trust plc (LON:DMGT) announced a dividend on Thursday, November 30th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 7th will be given a dividend of GBX 15.80 ($0.21) per share on Friday, February 9th. This represents a yield of 2.81%. The ex-dividend date of this dividend is Thursday, December 7th. This is a boost from Daily Mail and General Trust’s previous dividend of $6.90. The official announcement can be seen at this link.
Daily Mail and General Trust (LON DMGT) traded up GBX 1 ($0.01) on Wednesday, reaching GBX 600 ($8.08). The company’s stock had a trading volume of 1,859,534 shares, compared to its average volume of 938,115. Daily Mail and General Trust has a 12-month low of GBX 500 ($6.73) and a 12-month high of GBX 806 ($10.85).
In related news, insider Kevin A. H. Parry purchased 8,891 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average price of GBX 556 ($7.48) per share, with a total value of £49,433.96 ($66,532.92). Also, insider The Viscount Rothermere sold 88,385 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of GBX 613 ($8.25), for a total value of £541,800.05 ($729,205.99). Insiders have bought a total of 8,956 shares of company stock worth $4,985,854 in the last three months.
A number of research firms have issued reports on DMGT. Liberum Capital lowered Daily Mail and General Trust to a “hold” rating and lowered their target price for the company from GBX 785 ($10.57) to GBX 765 ($10.30) in a report on Thursday, November 30th. Numis Securities lowered their target price on Daily Mail and General Trust from GBX 970 ($13.06) to GBX 905 ($12.18) and set a “buy” rating on the stock in a report on Thursday, November 30th. Citigroup reaffirmed a “buy” rating and issued a GBX 895 ($12.05) target price on shares of Daily Mail and General Trust in a report on Thursday, September 28th. Barclays lowered their target price on Daily Mail and General Trust from GBX 600 ($8.08) to GBX 500 ($6.73) and set an “underweight” rating on the stock in a report on Friday, December 1st. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a GBX 750 ($10.09) target price on shares of Daily Mail and General Trust in a report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Daily Mail and General Trust presently has an average rating of “Hold” and an average price target of GBX 742.58 ($9.99).
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About Daily Mail and General Trust
Daily Mail and General Trust plc manages a multinational portfolio of companies that provide a range of businesses and consumers with information, analysis, insight, news and entertainment. The Company’s segments include RMS, dmg information, dmg events, Euromoney and dmg media. The RMS segment produces risk models, software applications and analytical data services used by the global risk and insurance industry to quantify and manage catastrophic risks.
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