Vitec Group plc (VTC) to Issue Dividend of GBX 25.50 on May 24th

Vitec Group plc (LON:VTC) declared a dividend on Thursday, February 21st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 18th will be given a dividend of GBX 25.50 ($0.33) per share on Friday, May 24th. This represents a dividend yield of 2.13%. The ex-dividend date is Thursday, April 18th. This is a positive change from Vitec Group’s previous dividend of $11.50. The official announcement can be accessed at this link.

LON VTC opened at GBX 1,145 ($14.96) on Wednesday. Vitec Group has a 52 week low of GBX 1,050 ($13.72) and a 52 week high of GBX 1,430 ($18.69). The company has a debt-to-equity ratio of 60.69, a quick ratio of 1.00 and a current ratio of 2.03. The firm has a market cap of $517.96 million and a PE ratio of 15.15.

In related news, insider Martin Green sold 21,765 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of GBX 1,200 ($15.68), for a total value of £261,180 ($341,277.93). Also, insider Stephen Bird sold 30,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of GBX 1,175 ($15.35), for a total transaction of £352,500 ($460,603.68).

VTC has been the topic of a number of recent research reports. Berenberg Bank cut shares of Vitec Group to a “hold” rating and reduced their target price for the stock from GBX 1,500 ($19.60) to GBX 1,225 ($16.01) in a research report on Tuesday, January 29th. Peel Hunt reaffirmed a “buy” rating on shares of Vitec Group in a report on Thursday, February 21st.

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Vitec Group Company Profile

The Vitec Group plc designs, manufactures, and distributes products and services that enable end users to capture and share exceptional images for the broadcast, cinematic, pro-video, and photographic applications worldwide. The company operates in three divisions: Imaging Solutions, Production Solutions, and Creative Solutions.

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Dividend History for Vitec Group (LON:VTC)

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