Marks Electrical Group PLC (MRK) To Go Ex-Dividend on July 11th

Marks Electrical Group PLC (LON:MRK) announced a dividend on Wednesday, June 26th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 11th will be given a dividend of GBX 0.66 ($0.01) per share on Thursday, August 15th. This represents a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, July 11th. This is an increase from Marks Electrical Group’s previous dividend of $0.30. The official announcement can be viewed at this link.

Marks Electrical Group Trading Up 1.4 %

LON MRK opened at GBX 73 ($0.93) on Friday. The company has a market cap of £76.61 million, a PE ratio of 1,825.00 and a beta of 0.79. The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 6.38. Marks Electrical Group has a 12 month low of GBX 64.50 ($0.82) and a 12 month high of GBX 110 ($1.40). The stock has a 50 day moving average of GBX 69.01 and a 200-day moving average of GBX 73.85.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Shore Capital reissued a “buy” rating on shares of Marks Electrical Group in a report on Tuesday, April 16th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 100 ($1.27) price target on shares of Marks Electrical Group in a report on Tuesday, April 16th.

Insider Buying and Selling at Marks Electrical Group

In other Marks Electrical Group news, insider Joshua E. T. A. Egan sold 40,000 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of GBX 70 ($0.89), for a total transaction of £28,000 ($35,519.47). Insiders own 79.04% of the company’s stock.

Marks Electrical Group Company Profile

Marks Electrical Group PLC operates as an electrical retailer in the United Kingdom. It sells, delivers, and installs domestic electrical appliances, consumer electronics, and warranty products. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021.