Entertainment One Ltd (LON:ETO) declared a dividend on Tuesday, May 22nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 5th will be given a dividend of GBX 1.40 ($0.02) per share on Friday, September 7th. This represents a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, July 5th. This is an increase from Entertainment One’s previous dividend of $1.30. The official announcement can be viewed at this link.
Shares of Entertainment One traded up GBX 14 ($0.19), hitting GBX 353.20 ($4.70), during midday trading on Thursday, Marketbeat reports. 1,450,244 shares of the stock were exchanged, compared to its average volume of 908,232. Entertainment One has a twelve month low of GBX 210.50 ($2.80) and a twelve month high of GBX 334.40 ($4.45).
Several research firms have recently issued reports on ETO. Peel Hunt reaffirmed a “hold” rating on shares of Entertainment One in a research note on Wednesday, April 4th. Citigroup reaffirmed a “buy” rating on shares of Entertainment One in a research note on Thursday, May 17th. JPMorgan Chase & Co. lifted their price target on Entertainment One from GBX 367 ($4.89) to GBX 376 ($5.01) and gave the stock an “overweight” rating in a research note on Wednesday, May 23rd. Numis Securities raised Entertainment One to an “add” rating and lifted their price target for the stock from GBX 215 ($2.86) to GBX 340 ($4.53) in a research note on Tuesday, May 22nd. Finally, Royal Bank of Canada cut their price target on Entertainment One from GBX 350 ($4.66) to GBX 340 ($4.53) and set an “outperform” rating for the company in a research note on Thursday, April 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 324 ($4.31).
In other news, insider Robert McFarlane bought 14,224 shares of the business’s stock in a transaction that occurred on Friday, May 25th. The stock was purchased at an average price of GBX 289 ($3.85) per share, with a total value of £41,107.36 ($54,729.54).
About Entertainment One
Entertainment One Ltd. focuses on the acquisition, production, and distribution of television (TV), family, film, and music content rights across various media worldwide. The company operates in three segments: Television, Family, and Film. It sells and distributes films on screens in theatres, on DVD, and digitally and on TV; develops, produces, and distributes TV programming content; develops, produces, sells, distributes, and licenses characters, stories, and series to kids and families; and records, distributes, and licenses albums and songs.
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