Jonathan Bunting Sells 1,183,423 Shares of Smiths News plc (LON:SNWS) Stock

Smiths News plc (LON:SNWS) insider Jonathan Bunting sold 1,183,423 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of GBX 61 ($0.79), for a total transaction of £721,888.03 ($939,713.66).

Smiths News Stock Down 1.0 %

Shares of SNWS stock opened at GBX 60.60 ($0.79) on Friday. The firm has a fifty day moving average of GBX 57.62 and a 200-day moving average of GBX 58.54. Smiths News plc has a 12-month low of GBX 45 ($0.59) and a 12-month high of GBX 67.80 ($0.88). The company has a market capitalization of £143.68 million, a price-to-earnings ratio of 680.00, a P/E/G ratio of 0.29 and a beta of 0.83.

Smiths News Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be given a GBX 5.40 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a yield of 9.47%. This is an increase from Smiths News’s previous dividend of $1.75. Smiths News’s dividend payout ratio (DPR) is 5,555.56%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 95 ($1.24) price objective on shares of Smiths News in a research note on Tuesday.

About Smiths News

Smiths News plc, together with its subsidiaries, engages in the distributing of newspapers and magazines in the United Kingdom and internationally. It operates through Smiths News Core, Dawson Media Direct, Instore, and Other businesses segments. The company supplies inflight entertainment to airlines and travel points.