GlaxoSmithKline plc Announces Dividend of GBX 19 (GSK)

GlaxoSmithKline plc (LON:GSK) announced a dividend on Wednesday, May 1st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 16th will be paid a dividend of GBX 19 ($0.25) per share on Thursday, July 11th. This represents a yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 16th. The official announcement can be viewed at this link.

LON:GSK traded up GBX 10.40 ($0.14) on Friday, reaching GBX 1,582 ($20.67). 6,291,966 shares of the company’s stock were exchanged, compared to its average volume of 9,120,000. The company has a debt-to-equity ratio of 942.07, a current ratio of 0.72 and a quick ratio of 0.45. The firm has a market capitalization of $78.26 billion and a PE ratio of 20.15. GlaxoSmithKline has a 52-week low of GBX 1,408.80 ($18.41) and a 52-week high of GBX 1,648.80 ($21.54).

GSK has been the topic of a number of recent research reports. Barclays restated an “equal weight” rating on shares of GlaxoSmithKline in a research note on Wednesday, April 10th. Credit Suisse Group set a GBX 1,600 ($20.91) target price on shares of GlaxoSmithKline and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Shore Capital restated a “hold” rating on shares of GlaxoSmithKline in a research note on Thursday, May 2nd. UBS Group restated a “neutral” rating and set a GBX 1,630 ($21.30) target price on shares of GlaxoSmithKline in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of GlaxoSmithKline in a research note on Friday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 1,526.14 ($19.94).

In other news, insider Manvinder Singh Banga acquired 458 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of GBX 1,568 ($20.49) per share, with a total value of £7,181.44 ($9,383.82).

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About GlaxoSmithKline

GlaxoSmithKline plc engages in the creation, discovery, development, manufacture, and marketing of pharmaceutical products, vaccines, over-the-counter medicines, and health-related consumer products in the United Kingdom, the United States, and internationally. It operates through four segments: Pharmaceuticals, Pharmaceuticals R&D, Vaccines, and Consumer Healthcare.

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Dividend History for GlaxoSmithKline (LON:GSK)

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