Debenhams plc (LON:DEB) announced a dividend on Thursday, October 26th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 7th will be given a dividend of GBX 2.40 ($0.03) per share on Friday, January 19th. This represents a dividend yield of 5.71%. The ex-dividend date of this dividend is Thursday, December 7th. This is a boost from Debenhams’s previous dividend of $1.03. The official announcement can be seen at this link.
Shares of Debenhams (LON:DEB) opened at GBX 37.45 ($0.50) on Wednesday. Debenhams has a 1 year low of GBX 36.25 ($0.49) and a 1 year high of GBX 59.01 ($0.79).
Several brokerages have recently issued reports on DEB. Deutsche Bank reiterated a “hold” rating and issued a GBX 45 ($0.61) price target on shares of Debenhams in a research note on Tuesday, October 24th. Numis Securities reissued a “hold” rating and set a GBX 45 ($0.61) price objective on shares of Debenhams in a report on Monday, October 30th. Liberum Capital downgraded Debenhams to a “sell” rating and cut their price objective for the company from GBX 58 ($0.78) to GBX 40 ($0.54) in a report on Wednesday, November 1st. Peel Hunt reissued a “hold” rating and set a GBX 55 ($0.74) price objective on shares of Debenhams in a report on Tuesday. Finally, J P Morgan Chase & Co reissued an “underweight” rating and set a GBX 38 ($0.51) price objective on shares of Debenhams in a report on Friday, October 27th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Debenhams has an average rating of “Hold” and a consensus price target of GBX 46.93 ($0.63).
Debenhams Company Profile
Debenhams plc is a United Kingdom-based company, which is engaged in multi-channel business. The Company’s brand trades through approximately 240 stores in 27 countries. The Company’s segments are UK and International. The UK segment consists of stores in the United Kingdom and online sales to the United Kingdom addresses.
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