Dixons Carphone PLC (LON:DC) announced a dividend on Thursday, June 21st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 23rd will be paid a dividend of GBX 7.75 ($0.10) per share on Friday, September 21st. This represents a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, August 23rd. This is an increase from Dixons Carphone’s previous dividend of $3.50. The official announcement can be viewed at this link.

Shares of LON DC opened at GBX 167.90 ($2.14) on Friday. Dixons Carphone has a 1 year low of GBX 145.72 ($1.86) and a 1 year high of GBX 349.60 ($4.46).

In other Dixons Carphone news, insider Alex Baldock acquired 125,533 shares of the stock in a transaction on Thursday, June 21st. The stock was acquired at an average price of GBX 199 ($2.54) per share, for a total transaction of £249,810.67 ($318,676.71).

A number of brokerages recently weighed in on DC. Liberum Capital restated a “hold” rating and set a GBX 220 ($2.81) target price on shares of Dixons Carphone in a research report on Tuesday, April 24th. AlphaValue lowered shares of Dixons Carphone to an “add” rating in a research report on Thursday, May 31st. Citigroup dropped their target price on shares of Dixons Carphone from GBX 230 ($2.93) to GBX 220 ($2.81) and set a “buy” rating for the company in a research report on Friday, June 8th. Morgan Stanley restated an “equal weight” rating and set a GBX 175 ($2.23) target price on shares of Dixons Carphone in a research report on Monday, June 4th. Finally, Royal Bank of Canada upped their target price on shares of Dixons Carphone from GBX 210 ($2.68) to GBX 230 ($2.93) and gave the stock an “outperform” rating in a research report on Friday, May 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Dixons Carphone has an average rating of “Hold” and an average price target of GBX 197.56 ($2.52).

About Dixons Carphone

Dixons Carphone plc operates as an electrical and telecommunications retailer and service company. The company operates through four segments: UK & Ireland, Nordics, Southern Europe, and Connected World Services (CWS). It offers various products and services in the United Kingdom and Ireland, including mobile handsets and other connected devices under the Carphone Warehouse brand; electrical and telecommunications products under the CurrysPCWorld Carphone Warehouse brand; computing products and services to business to business customers under the PC World Business name; travelling services with stores at airports under the Dixons Travel brand; and services under the Knowhow brand, as well as repairs and support services for Carphone Warehouse and Phone House under the Geek Squad brand name.

Further Reading: Analyst Ratings

Dividend History for Dixons Carphone (LON:DC)

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