J Sainsbury plc (OTCMKTS:JSAIY) Declares Dividend Increase – $0.48 Per Share

J Sainsbury plc (OTCMKTS:JSAIY) declared a dividend on Tuesday, June 3rd, investing.com reports. Stockholders of record on Monday, June 9th will be given a dividend of 0.4798 per share on Monday, July 21st. This represents a dividend yield of 4.13%. The ex-dividend date is Friday, June 6th. This is a 136.9% increase from J Sainsbury’s previous dividend of $0.20.

J Sainsbury Trading Up 0.9%

Shares of OTCMKTS:JSAIY opened at $15.99 on Wednesday. The firm has a fifty day moving average price of $14.05 and a 200 day moving average price of $13.52. J Sainsbury has a fifty-two week low of $11.68 and a fifty-two week high of $16.43. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.57 and a current ratio of 0.74.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JSAIY. Kepler Capital Markets downgraded J Sainsbury from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. Hsbc Global Res raised shares of J Sainsbury from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 21st. Jefferies Financial Group cut shares of J Sainsbury from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, BNP Paribas downgraded shares of J Sainsbury from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

J Sainsbury Company Profile

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.