Marston’s PLC (LON:MARS) declared a dividend on Thursday, November 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 14th will be given a dividend of GBX 4.80 ($0.06) per share on Monday, January 29th. This represents a dividend yield of 4.11%. The ex-dividend date is Thursday, December 14th. This is a boost from Marston’s’s previous dividend of $2.70. The official announcement can be seen at this link.
Marston’s (LON MARS) traded up GBX 0.90 ($0.01) during trading on Friday, hitting GBX 117.80 ($1.59). 3,107,832 shares of the stock were exchanged, compared to its average volume of 2,600,000. Marston’s has a 1 year low of GBX 99.85 ($1.34) and a 1 year high of GBX 147.70 ($1.99).
In other news, insider Ralph Graham Findlay purchased 8,293 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was purchased at an average cost of GBX 107 ($1.44) per share, with a total value of £8,873.51 ($11,942.81).
A number of research analysts have recently weighed in on MARS shares. reissued a “hold” rating and set a GBX 115 ($1.55) target price on shares of Marston’s in a research report on Friday, September 1st. Barclays reaffirmed an “underweight” rating and issued a GBX 115 ($1.55) price objective on shares of Marston’s in a report on Monday, September 11th. Numis Securities reaffirmed an “add” rating and issued a GBX 125 ($1.68) price objective on shares of Marston’s in a report on Friday, September 15th. Shore Capital reaffirmed a “buy” rating on shares of Marston’s in a report on Thursday, September 21st. Finally, Canaccord Genuity raised their price objective on shares of Marston’s from GBX 110 ($1.48) to GBX 130 ($1.75) and gave the stock a “hold” rating in a report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Marston’s presently has an average rating of “Buy” and an average price target of GBX 128 ($1.72).
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Marston’s PLC is engaged in running pubs and beer brewing. The Company owns a range of assets from pubs to brands. The Company’s segments include Destination and Premium, which consists of food and drink sales, accommodation and gaming machine income; Taverns, which includes Food and drink sales, rent from licensed properties, accommodation and gaming machine income; Leased, which includes drink sales, rent from licensed properties and gaming machine income; Brewing, which comprises drink sales and third-party brewing, packaging and distribution, and Group Services.
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