Today, Marston’s PLC (MARS) Plans Dividend of GBX 4.70

Today, Marston’s PLC (MARS) Plans Dividend of GBX 4.70
Marston's PLC (LON:MARS) announced a dividend on Thursday, November 24th. Stockholders of record on Thursday, December 15th will be given a dividend of GBX 4.70 ($0.06) per share on Monday, January 30th. This represents a dividend yield of 3.56%. The ex-dividend date is Thursday, December 15th. This is an increase from Marston's PLC’s previous dividend of $2.60. The official announcement can be viewed at this link.

Shares of Marston's PLC (LON:MARS) opened at 132.20 on Friday. The firm’s market capitalization is GBX 759.36 million. The stock has a 50 day moving average of GBX 136.54 and a 200-day moving average of GBX 142.32. Marston's PLC has a 52-week low of GBX 126.80 and a 52-week high of GBX 177.00.

A number of research firms recently weighed in on MARS. JPMorgan Chase & Co. upped their target price on shares of Marston's PLC from GBX 150 ($1.87) to GBX 160 ($2.00) and gave the stock an “overweight” rating in a report on Thursday, July 28th. N+1 Singer increased their price objective on shares of Marston's PLC from GBX 170 ($2.12) to GBX 182 ($2.27) and gave the company a “buy” rating in a research note on Wednesday, October 12th. Numis Securities Ltd decreased their price objective on shares of Marston's PLC from GBX 185 ($2.31) to GBX 165 ($2.06) and set an “add” rating for the company in a research note on Wednesday, October 12th. Canaccord Genuity reiterated a “hold” rating and issued a GBX 150 ($1.87) price objective on shares of Marston's PLC in a research note on Wednesday, October 12th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 175 ($2.19) price objective on shares of Marston's PLC in a research note on Thursday, September 15th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 162.08 ($2.02).

About Marston's PLC

Marston’s PLC, engaged in the United Kingdom, is engaged in the operations of managed, tenanted, leased and franchised public houses, brewing beer and selling beer, wines, spirits and soft drinks. It operates around 2,000 pubs and bars across the United Kingdom. It operates five breweries: Banks’s Brewery in Wolverhampton; Marston’s Brewery in Burton upon Trent; Jennings Brewery in the Lake District; Ringwood Brewery in Hampshire, and Wychwood Brewery in Oxfordshire.

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