Diploma PLC (LON:DPLM) Raises Dividend to GBX 42 Per Share

Diploma PLC (LON:DPLM) announced a dividend on Wednesday, November 19th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, January 16th will be paid a dividend of GBX 42 ($0.51) per share on Friday, January 31st. This represents a yield of 0.93%. The ex-dividend date is Thursday, January 16th. This is a positive change from Diploma’s previous dividend of $17.30. The official announcement can be accessed at this link.

Diploma Stock Performance

Shares of DPLM stock opened at GBX 4,126 ($50.49) on Tuesday. The company has a debt-to-equity ratio of 45.69, a quick ratio of 0.80 and a current ratio of 2.27. The company has a market capitalization of £5.53 billion, a P/E ratio of 4,797.67, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75. The company’s 50 day moving average price is GBX 4,382.13 and its two-hundred day moving average price is GBX 4,336.25. Diploma has a 52 week low of GBX 3,200 ($39.16) and a 52 week high of GBX 4,653 ($56.94).

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DPLM. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 5,100 ($62.41) price objective on shares of Diploma in a report on Friday, November 22nd. Shore Capital downgraded shares of Diploma to a “hold” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Diploma from GBX 4,150 ($50.78) to GBX 4,370 ($53.48) and gave the company a “neutral” rating in a report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 4,555 ($55.74).

Insider Activity at Diploma

In other Diploma news, insider Johnny Thomson sold 26,794 shares of Diploma stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of GBX 4,536 ($55.51), for a total transaction of £1,215,375.84 ($1,487,244.05). Also, insider Chris Davies bought 3,917 shares of Diploma stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost of GBX 4,280 ($52.37) per share, with a total value of £167,647.60 ($205,148.80). 0.52% of the stock is owned by company insiders.

About Diploma

Diploma PLC, together with its subsidiaries, supplies specialized technical products and services in the United Kingdom, Continental Europe, North America, and internationally. It operates through three business sectors: Life Sciences, Seals, and Controls. The Life Sciences sector supplies technology-enabled products used in surgical procedures in operating theatres and endoscopy; testing equipment and services for clinical laboratories; and bio-pharma, food safety and testing, and other research-oriented products.