Travis Perkins plc (TPK) Announces Dividend of GBX 31.50

Travis Perkins plc (LON:TPK) declared a dividend on Tuesday, February 26th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 4th will be paid a dividend of GBX 31.50 ($0.41) per share on Friday, May 17th. This represents a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Travis Perkins’s previous dividend of $15.50. The official announcement can be accessed at this link.

Shares of TPK stock traded up GBX 10 ($0.13) during mid-day trading on Friday, reaching GBX 1,426.50 ($18.64). The company’s stock had a trading volume of 614,784 shares, compared to its average volume of 1,660,000. Travis Perkins has a 12-month low of GBX 965.60 ($12.62) and a 12-month high of GBX 1,489 ($19.46). The company has a market cap of $3.54 billion and a PE ratio of -41.47. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 22.41.

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,497 ($19.56) price target on shares of Travis Perkins in a research note on Tuesday, April 16th. UBS Group reaffirmed a “neutral” rating and set a GBX 1,350 ($17.64) price target (up previously from GBX 1,240 ($16.20)) on shares of Travis Perkins in a research note on Friday, March 29th. Liberum Capital reissued a “buy” rating on shares of Travis Perkins in a report on Friday, March 29th. JPMorgan Chase & Co. raised their price objective on shares of Travis Perkins from GBX 1,330 ($17.38) to GBX 1,475 ($19.27) and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Finally, Barclays raised their price objective on shares of Travis Perkins from GBX 1,150 ($15.03) to GBX 1,470 ($19.21) and gave the stock an “equal weight” rating in a report on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 1,381.67 ($18.05).

In related news, insider John P. Carter sold 26,739 shares of Travis Perkins stock in a transaction dated Monday, March 4th. The shares were sold at an average price of GBX 1,457 ($19.04), for a total value of £389,587.23 ($509,064.72). Also, insider Pete Redfern acquired 65 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was purchased at an average price of GBX 1,235 ($16.14) per share, for a total transaction of £802.75 ($1,048.94).

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Travis Perkins Company Profile

Travis Perkins plc supplies building and home improvement products in the United Kingdom. The company's General Merchanting division supplies products for various types of repair, maintenance, and improvement projects, as well as new residential and commercial construction. This division serves sole traders and national housebuilders under the Travis Perkins and Benchmarx brands.

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Dividend History for Travis Perkins (LON:TPK)

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