ConvaTec Group PLC (LON:CTEC) Declares Dividend Increase – $0.05 Per Share

ConvaTec Group PLC (LON:CTEC) announced a dividend on Wednesday, February 26th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 17th will be given a dividend of $0.05 per share on Thursday, May 29th. This represents a yield of 1.36%. The ex-dividend date of this dividend is Thursday, April 17th. This is a 152.1% increase from ConvaTec Group’s previous dividend of $0.02. The official announcement can be viewed at this link.

ConvaTec Group Stock Up 0.2 %

CTEC stock opened at GBX 258.82 ($3.41) on Tuesday. The business’s 50-day moving average price is GBX 251.28 and its 200-day moving average price is GBX 237.44. The stock has a market cap of £6.58 billion, a P/E ratio of 43.59, a PEG ratio of 0.93 and a beta of 0.64. The company has a quick ratio of 0.96, a current ratio of 2.26 and a debt-to-equity ratio of 85.32. ConvaTec Group has a twelve month low of GBX 211.80 ($2.79) and a twelve month high of GBX 288.80 ($3.81).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 310 ($4.09) price target on shares of ConvaTec Group in a research report on Wednesday, March 5th.

Insider Transactions at ConvaTec Group

In related news, insider Karim Bitar sold 132,253 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of GBX 256 ($3.38), for a total transaction of £338,567.68 ($446,423.63). Corporate insiders own 19.65% of the company’s stock.

ConvaTec Group Company Profile

ConvaTec Group PLC engages in the development, manufacturing, and sale of medical products, services, and technologies in Europe, North America, and internationally. The company offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, and acute conditions resulting from traumatic injury and burns.