Marshalls plc Increases Dividend to GBX 5.70 per Share

Published March 18, 2024

Marshalls plc (LON:MSLH), a prominent player in the hard landscaping products manufacturing sector, announced a forthcoming dividend increment on Monday, March 18th. The dividend is set to rise to GBX 5.70 per share, equivalent to approximately $0.07, and will be available to eligible shareholders on the record date of Thursday, June 6th, with the payment date following on Monday, July 1st. This increase in dividend payout indicates a yield of 1.96%, and places the ex-dividend date on Thursday, June 6th as well. The enhancement from the previous dividend of $2.60 illustrates the company's positive financial direction.

Marshalls Stock Performance

The opening stock price for Marshalls on the announcement day was GBX 265.69, around $3.40, indicating a robust market cap of £672.12 million. The valuation metrics show a price-to-earnings (PE) ratio of a striking 2,964.44, P/E/G ratio of 0.17 and a beta of 1.17. Over the past year, Marshalls's stock fluctuated between a low of GBX 195.30 and a high of GBX 333.40, showing significant volatility. The stock's movement is reflected in its average prices, with a fifty-day simple moving average of GBX 285.17 and a 200-day simple moving average of GBX 258.78. Financials reveal a current ratio of 2.09 and a quick ratio of 1.34, alongside a noteworthy debt-to-equity ratio of 43.40.

Analysts Set New Price Targets

Highlighting the company's performance, Berenberg Bank revised their stance on Marshalls to a 'buy' rating, while also increasing their target price from GBX 320 to GBX 420. This report was issued on January 31st, signaling confidence in the company's future growth.

About Marshalls

Marshalls plc is recognized for its vast array of manufactured and supplied hard landscaping products within the UK and beyond. The expansive product range includes items for interior spaces, gardens, driveways, and includes other design tools and stone products. The company's ability to maintain a diverse selection has been key to its market presence.

Marshalls, dividend, landscaping