Marks and Spencer Group (LON:MKS) Hits New 12-Month High After Dividend Announcement

Marks and Spencer Group plc (LON:MKS) shares reached a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as GBX 402.60 ($5.24) and last traded at GBX 400.10 ($5.21), with a volume of 28615467 shares. The stock had previously closed at GBX 383.50 ($4.99).

The newly announced dividend which will be paid on Friday, January 10th. Shareholders of record on Thursday, November 28th will be paid a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 0.26%. Marks and Spencer Group’s dividend payout ratio is presently 1,428.57%.

Marks and Spencer Group Price Performance

The company has a market capitalization of £8.07 billion, a price-to-earnings ratio of 1,905.24, a price-to-earnings-growth ratio of 0.20 and a beta of 1.62. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 110.71. The company has a 50 day simple moving average of GBX 366.54 and a 200 day simple moving average of GBX 319.94.

Marks and Spencer Group Company Profile

Marks and Spencer Group plc operates various retail stores. It operates through: UK Clothing & Home, UK Food, International, Ocado, and All Other segments. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move’ products.