Thomas Cook Group plc (TCG) Announces Dividend Increase – GBX 0.60 Per Share

Thomas Cook Group plc (LON:TCG) announced a dividend on Wednesday, November 22nd, Upcoming.Co.Uk reports. Investors of record on Thursday, March 8th will be given a dividend of GBX 0.60 ($0.01) per share by the travel company on Thursday, April 5th. This represents a dividend yield of 0.51%. The ex-dividend date is Thursday, March 8th. This is a boost from Thomas Cook Group’s previous dividend of $0.50. The official announcement can be seen at this link.

Shares of Thomas Cook Group (LON TCG) opened at GBX 120.50 ($1.66) on Wednesday. The company has a market cap of $1,850.00 and a P/E ratio of 12,050.00. Thomas Cook Group has a fifty-two week low of GBX 83.25 ($1.15) and a fifty-two week high of GBX 132.20 ($1.83).

In other Thomas Cook Group news, insider Peter Fankhauser sold 91,348 shares of Thomas Cook Group stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of GBX 127 ($1.75), for a total value of £116,011.96 ($160,281.79).

TCG has been the subject of several research reports. Morgan Stanley upgraded shares of Thomas Cook Group to an “overweight” rating and raised their price target for the stock from GBX 130 ($1.80) to GBX 140 ($1.93) in a report on Monday, January 8th. Berenberg Bank cut shares of Thomas Cook Group to a “sell” rating and raised their price target for the stock from GBX 80 ($1.11) to GBX 100 ($1.38) in a report on Thursday, November 30th. HSBC initiated coverage on shares of Thomas Cook Group in a report on Monday, November 20th. They set a “buy” rating and a GBX 140 ($1.93) price target for the company. Shore Capital restated a “buy” rating on shares of Thomas Cook Group in a report on Thursday, February 8th. Finally, Numis Securities upgraded shares of Thomas Cook Group to a “buy” rating and set a GBX 149 ($2.06) price target for the company in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Thomas Cook Group currently has an average rating of “Hold” and an average price target of GBX 119 ($1.64).

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Thomas Cook Group Company Profile

Thomas Cook Group plc is a holiday company. The Company’s segments are United Kingdom, Continental Europe, Northern Europe and Airlines Germany. Its hotels and resort brands include Sentido, Sunprime, Sunwing, Sunconnect, Smartline and Casa Cook. It has airline operations in Belgium, Scandinavia and the United Kingdom.

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