Millennium & Copthorne Hotels plc (LON:MLC) announced a dividend on Thursday, February 8th, Upcoming.Co.Uk reports. Investors of record on Thursday, March 15th will be given a dividend of GBX 4.42 ($0.06) per share on Friday, May 11th. This represents a dividend yield of 0.84%. The ex-dividend date is Thursday, March 15th. This is a boost from Millennium & Copthorne Hotels plc’s previous dividend of $2.08. The official announcement can be seen at this link.
Shares of MLC stock traded up GBX 14 ($0.20) on Thursday, hitting GBX 540 ($7.58). 68,968 shares of the stock traded hands, compared to its average volume of 115,237. Millennium & Copthorne Hotels plc has a 1-year low of GBX 425.20 ($5.97) and a 1-year high of GBX 630 ($8.84).
Separately, Credit Suisse Group began coverage on Millennium & Copthorne Hotels plc in a research report on Monday, March 19th. They issued an “underperform” rating and a GBX 472 ($6.63) target price on the stock.
Millennium & Copthorne Hotels Plc, a hospitality real estate company, owns, operates, leases, manages, and franchises hotels in Asia, Australasia, Europe, the Middle East, and North America. It operates its hotels primarily under The Bailey's Hotel London, The Chelsea Harbour Hotel, Grand Hotel Palace Rome, M Hotels, Studio M, M Social, Grand Millennium Hotels, Millennium Hotels, Copthorne Hotels, and Kingsgate Hotels brand names.
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