United Utilities Group PLC (UU) to Issue Dividend of GBX 33.19 on August 1st

United Utilities Group PLC (LON:UU) announced a dividend on Thursday, May 16th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 20th will be given a dividend of GBX 33.19 ($0.42) per share on Thursday, August 1st. This represents a yield of 2.98%. The ex-dividend date is Thursday, June 20th. This is an increase from United Utilities Group’s previous dividend of $16.59. The official announcement can be viewed at this link.

United Utilities Group Stock Performance

LON:UU opened at GBX 1,011.50 ($12.85) on Tuesday. The stock has a 50-day simple moving average of GBX 1,039.56 and a two-hundred day simple moving average of GBX 1,047.80. United Utilities Group has a 52-week low of GBX 896.76 ($11.39) and a 52-week high of GBX 1,139.50 ($14.48). The company has a debt-to-equity ratio of 420.76, a quick ratio of 1.13 and a current ratio of 1.80. The firm has a market capitalization of £6.90 billion, a PE ratio of 5,323.68, a P/E/G ratio of 138.87 and a beta of 0.39.

Wall Street Analysts Forecast Growth

UU has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,230 ($15.63) price objective on shares of United Utilities Group in a research note on Tuesday, May 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of United Utilities Group in a research note on Tuesday, May 14th.

Insider Transactions at United Utilities Group

In other news, insider Clare Hayward purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average cost of GBX 980 ($12.45) per share, with a total value of £29,400 ($37,357.05). Insiders acquired a total of 3,035 shares of company stock valued at $2,976,757 over the last 90 days. Company insiders own 0.04% of the company’s stock.

United Utilities Group Company Profile

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes.