NEXT plc (LON:NXT) Plans Dividend Increase – GBX 208 Per Share

NEXT plc (LON:NXT) announced a dividend on Thursday, March 27th, Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, July 17th will be given a dividend of GBX 208 ($2.68) per share on Monday, August 25th. This represents a yield of 1.08%. The ex-dividend date is Thursday, July 17th. This is a 177.3% increase from NEXT’s previous dividend of $75.00. The official announcement can be viewed at this link.

NEXT Trading Up 7.2 %

Shares of LON NXT opened at £107 ($137.76) on Thursday. NEXT has a one year low of GBX 8,598 ($110.70) and a one year high of £111.04 ($142.96). The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 76.08. The firm has a market capitalization of £12.60 billion, a PE ratio of 16.10, a PEG ratio of 5.66 and a beta of 1.37. The business has a 50-day moving average price of GBX 9,790.25 and a two-hundred day moving average price of GBX 9,860.26.

NEXT (LON:NXT) last announced its quarterly earnings results on Thursday, March 27th. The company reported GBX 615.10 ($7.92) earnings per share for the quarter. NEXT had a return on equity of 55.99% and a net margin of 13.77%. As a group, analysts predict that NEXT will post 660.7526882 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “hold” rating on shares of NEXT in a report on Tuesday, January 7th.

NEXT Company Profile

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers.

NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East.