Aggreko Plc (LON:AGK) Declares Dividend Increase – GBX 10 Per Share

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Aggreko Plc (LON:AGK) declared a dividend on Monday, March 1st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 22nd will be paid a dividend of GBX 10 ($0.13) per share on Thursday, May 20th. This represents a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, April 22nd. This is a boost from Aggreko’s previous dividend of $5.00. The official announcement can be seen at this link.

Shares of AGK opened at GBX 871.50 ($11.39) on Wednesday. The firm has a 50-day simple moving average of GBX 875.90 and a two-hundred day simple moving average of GBX 672.16. The stock has a market cap of £2.23 billion and a PE ratio of -20.03. Aggreko has a 1-year low of GBX 346.80 ($4.53) and a 1-year high of GBX 905 ($11.82). The company has a debt-to-equity ratio of 42.46, a current ratio of 1.47 and a quick ratio of 0.96.

A number of equities analysts recently weighed in on the stock. Berenberg Bank increased their price objective on shares of Aggreko from GBX 410 ($5.36) to GBX 880 ($11.50) and gave the stock a “hold” rating in a research report on Monday, March 8th. Royal Bank of Canada restated an “outperform” rating and set a GBX 810 ($10.58) price target on shares of Aggreko in a research report on Thursday, January 21st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 552 ($7.21).

In other news, insider Chris Weston sold 12,326 shares of the firm’s stock in a transaction that occurred on Tuesday, March 23rd. The shares were sold at an average price of GBX 880 ($11.50), for a total value of £108,468.80 ($141,715.18).

About Aggreko

Aggreko Plc supplies modular, mobile power, heating, cooling, and related services in North America, the United Kingdom, Continental Europe, Eurasia, the Middle East, Africa, Asia, Australia Pacific, and Latin America. The company operates in three segments: Rental Solutions, Power Solutions Industrial, and Power Solutions Utility.

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Dividend History for Aggreko (LON:AGK)

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