Morgan Sindall Group plc (LON:MGNS) Raises Dividend to GBX 90 Per Share

Morgan Sindall Group plc (LON:MGNS) announced a dividend on Wednesday, February 26th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 24th will be paid a dividend of GBX 90 ($1.20) per share on Thursday, May 15th. This represents a yield of 3.06%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 116.9% increase from Morgan Sindall Group’s previous dividend of $41.50. The official announcement can be seen at this link.

Morgan Sindall Group Price Performance

MGNS stock opened at GBX 3,470 ($46.43) on Tuesday. Morgan Sindall Group has a 1 year low of GBX 2,170 ($29.04) and a 1 year high of GBX 3,970 ($53.12). The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87. The stock has a market cap of £1.64 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of -68.20 and a beta of 1.31. The company has a 50 day simple moving average of GBX 3,294.87 and a 200 day simple moving average of GBX 3,547.40.

Morgan Sindall Group (LON:MGNS) last released its quarterly earnings data on Wednesday, February 26th. The company reported GBX 278.80 ($3.73) earnings per share for the quarter. Morgan Sindall Group had a return on equity of 21.60% and a net margin of 2.82%. Research analysts anticipate that Morgan Sindall Group will post 238.9649924 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Kelly Gangotra bought 932 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of GBX 3,185 ($42.62) per share, with a total value of £29,684.20 ($39,721.93). Also, insider John Christopher Morgan sold 18,262 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of GBX 3,120 ($41.75), for a total transaction of £569,774.40 ($762,444.00). 11.05% of the stock is owned by corporate insiders.

Morgan Sindall Group Company Profile

Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, reported an annual revenue of £4.5bn in the full year 2024. The Group employs over 8,000 employees and operates in the public, regulated and private sectors. It reports through six divisions of Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure and Property Services.