Smiths News plc (LON:SNWS) Insider Paul Baker Sells 319,586 Shares of Stock

Smiths News plc (LON:SNWS) insider Paul Baker sold 319,586 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of GBX 61 ($0.78), for a total transaction of £194,947.46 ($248,309.08).

Smiths News Stock Performance

SNWS stock opened at GBX 62.20 ($0.79) on Friday. Smiths News plc has a one year low of GBX 45.20 ($0.58) and a one year high of GBX 67.80 ($0.86). The firm has a market cap of £147.47 million, a price-to-earnings ratio of 691.11, a PEG ratio of 0.29 and a beta of 0.83. The firm has a 50-day simple moving average of GBX 59 and a two-hundred day simple moving average of GBX 59.21.

Smiths News Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be paid a GBX 5.40 ($0.07) dividend. This represents a yield of 9.47%. This is an increase from Smiths News’s previous dividend of $1.75. The ex-dividend date is Thursday, January 9th. Smiths News’s dividend payout ratio (DPR) is 5,555.56%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 95 ($1.21) price target on shares of Smiths News in a report on Tuesday, November 5th.

Smiths News Company Profile

Smiths News plc, together with its subsidiaries, engages in the distributing of newspapers and magazines in the United Kingdom and internationally. It operates through Smiths News Core, Dawson Media Direct, Instore, and Other businesses segments. The company supplies inflight entertainment to airlines and travel points.