Mondi plc Announces Dividend of €0.23 (LON:MNDI)

Mondi plc (LON:MNDI) declared a dividend on Thursday, August 1st, Upcoming.Co.Uk reports. Investors of record on Thursday, August 22nd will be given a dividend of €0.23 ($0.26) per share on Friday, September 27th. This represents a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, August 22nd. The official announcement can be accessed at this link.

Mondi Trading Up 0.6 %

MNDI opened at GBX 1,475 ($19.17) on Wednesday. Mondi has a 1-year low of GBX 1,304 ($16.94) and a 1-year high of GBX 1,719.85 ($22.35). The stock has a market capitalization of £6.50 billion, a PE ratio of 1,940.13, a PEG ratio of 0.76 and a beta of 0.70. The company has a current ratio of 2.07, a quick ratio of 1.14 and a debt-to-equity ratio of 37.41. The firm has a 50-day moving average price of GBX 1,507.13 and a two-hundred day moving average price of GBX 1,469.86.

Insider Activity at Mondi

In other news, insider Mike Powell acquired 22 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average cost of GBX 1,464 ($19.02) per share, with a total value of £322.08 ($418.50). In related news, insider Andrew King purchased 20 shares of Mondi stock in a transaction dated Friday, June 7th. The shares were acquired at an average cost of GBX 1,499 ($19.48) per share, for a total transaction of £299.80 ($389.55). Also, insider Mike Powell acquired 22 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of GBX 1,464 ($19.02) per share, with a total value of £322.08 ($418.50). Insiders have bought a total of 51 shares of company stock worth $76,129 over the last 90 days. Insiders own 1.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MNDI. Royal Bank of Canada increased their price target on shares of Mondi from GBX 1,650 ($21.44) to GBX 1,700 ($22.09) and gave the company a “buy” rating in a research note on Tuesday, May 7th. Citigroup reaffirmed a “neutral” rating and set a GBX 1,700 ($22.09) price objective on shares of Mondi in a report on Monday, May 13th.

Mondi Company Profile

Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, Australia, and internationally. The company operates in three segments: Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper.