Fenner plc (FENR) Announces Dividend of GBX 2.80

Fenner plc (LON:FENR) announced a dividend on Wednesday, November 15th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 25th will be given a dividend of GBX 2.80 ($0.04) per share on Thursday, March 8th. This represents a yield of 0.68%. The ex-dividend date is Thursday, January 25th. This is an increase from Fenner’s previous dividend of $1.40. The official announcement can be viewed at this link.

Shares of Fenner (LON:FENR) opened at GBX 478.60 ($6.49) on Friday. The firm has a market cap of $928.50 and a price-to-earnings ratio of 2,658.89. Fenner has a one year low of GBX 273.75 ($3.71) and a one year high of GBX 509.50 ($6.91).

Fenner (LON:FENR) last posted its quarterly earnings results on Wednesday, November 15th. The company reported GBX 17.70 ($0.24) earnings per share for the quarter, topping the consensus estimate of GBX 16.70 ($0.23) by GBX 1 ($0.01). The business had revenue of £655.40 million during the quarter. Fenner had a net margin of 6.75% and a return on equity of 14.59%.

Several analysts have weighed in on FENR shares. Numis Securities reissued a “hold” rating and issued a GBX 400 ($5.42) price target on shares of Fenner in a research note on Tuesday, December 5th. Peel Hunt reissued a “buy” rating and issued a GBX 425 ($5.76) price target on shares of Fenner in a research note on Monday, November 6th. Citigroup boosted their price target on shares of Fenner from GBX 400 ($5.42) to GBX 425 ($5.76) and gave the stock a “buy” rating in a research note on Monday, November 20th. N+1 Singer reissued a “buy” rating and issued a GBX 400 ($5.42) price target on shares of Fenner in a research note on Wednesday, November 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Fenner from GBX 380 ($5.15) to GBX 415 ($5.63) and gave the company a “neutral” rating in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 417.22 ($5.66).

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Fenner Company Profile

Fenner PLC is a United Kingdom-based provider of engineered solutions for performance-critical applications. The Company’s business segments include Engineered Conveyor Solutions and Advanced Engineered Products. The Engineered Conveyor Solutions is engaged in the manufacture of rubber ply belting, solid woven and steel cord conveyor belting for mining, power generation and industrial applications with complementary service operations, which design, install, monitor, maintain and operate conveyor systems for mining and industrial customers.

Dividend History for Fenner (LON:FENR)

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