QinetiQ Group plc (LON:QQ) plans GBX 5 dividend

QinetiQ Group plc (LON:QQ – Get Rating) declared a dividend on Thursday, May 19, Upcoming.Co.Uk reports. Investors of record on Thursday, July 28 will receive a dividend of 5 GBX ($0.06) per share on Thursday, August 25. This represents a dividend yield of 1.37%. The ex-date of this dividend is Thursday, July 28. This is a boost from QinetiQ Group’s previous dividend of $2.30. The official announcement can be seen at this link.

QinetiQ Group is trading down 0.8%

QQ stock opened Wednesday at 384.20 GBX ($4.63). The company has a market capitalization of £2.22 billion and a PE ratio of 2,582.67. QinetiQ Group has a 12-month low of 3.47 GBX ($0.04) and a 12-month high of 391.80 GBX ($4.72). The company has a debt ratio of 2.12, a current ratio of 1.35 and a quick ratio of 1.17. The company’s 50-day moving average is 366.32 GBX and its 200-day moving average is 323.50 GBX.

Insiders place their bets

In other QinetiQ Group news, insider Steve Wadey sold 117,926 shares of the company in a trade dated Tuesday, June 28. The shares were sold at an average price of 363 GBX ($4.37), for a total value of £428,071.38 ($515,748.65).

A Wall Street analyst gives his opinion

QQ has been the subject of several recent analyst reports. Barclays restated an “overweight” rating and set a price target of GBX 465 ($5.60) on QinetiQ Group shares in a Friday, July 22 report. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 400 ($4.82) price target on QinetiQ Group shares in a Thursday, July 21 report. Finally, JPMorgan Chase & Co. raised its price target on QinetiQ Group from GBX 350 ($4.22) to GBX 355 ($4.28) and gave the company a “neutral” rating in a Friday report. May 20.

About QinetiQ Group

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QinetiQ Group plc operates as a science and engineering company primarily in the defence, security and infrastructure markets in the United States, Australia, Europe and internationally. The Company operates through EMEA Services and Global Products segments. It offers state-of-the-art materials and manufacturing products; artificial intelligence, analytics and advanced computing technologies; cyber and electromagnetic technologies; protection and human performance systems; new systems, weapons and effects; marine platform and system design and evaluation products; energy sources and energy storage and distribution products; robotics and autonomy services; secure communication and navigation systems; and data detection, processing and fusion systems.

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Dividend history for QinetiQ Group (LON:QQ)

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