Superdry PLC (SDRY) Plans Dividend Increase – GBX 25 Per Share

Superdry PLC (LON:SDRY) declared a dividend on Thursday, July 5th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 11th will be paid a dividend of GBX 25 ($0.33) per share on Friday, December 14th. This represents a yield of 2.01%. The ex-dividend date is Thursday, October 11th. This is a positive change from Superdry’s previous dividend of $21.90. The official announcement can be accessed at this link.

Shares of LON SDRY opened at GBX 1,252 ($16.67) on Friday. Superdry has a 1 year low of GBX 1,438 ($19.15) and a 1 year high of GBX 2,102 ($27.99).

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A number of equities analysts have issued reports on SDRY shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,300 ($30.62) price target on shares of Superdry in a research note on Tuesday, March 27th. Liberum Capital decreased their price target on Superdry from GBX 2,100 ($27.96) to GBX 1,680 ($22.37) and set a “hold” rating for the company in a research note on Tuesday, April 24th. JPMorgan Chase & Co. decreased their price target on Superdry from GBX 2,170 ($28.89) to GBX 2,090 ($27.83) and set an “overweight” rating for the company in a research note on Friday, May 11th. Deutsche Bank decreased their price target on Superdry from GBX 1,990 ($26.49) to GBX 1,430 ($19.04) and set a “hold” rating for the company in a research note on Friday, May 11th. Finally, Royal Bank of Canada decreased their price target on Superdry from GBX 1,900 ($25.30) to GBX 1,400 ($18.64) and set a “sector perform” rating for the company in a research note on Tuesday, June 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 1,763.33 ($23.48).

About Superdry

Superdry Plc engages in the design, production, and sale of clothing and accessories primarily under the Superdry brand for men and women in the United Kingdom, Europe, and internationally. It operates through two segments, Retail and Wholesale. The Retail segment operates stores, concessions, and various Internet sites, which sell company's own brand and third party clothing, footwear, and accessories.