Ten Entertainment Group PLC (TEG) Announces Dividend of GBX 7

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, 2018-06-10 20:41:15

Ten Entertainment Group PLC (LON:TEG) declared a dividend on Wednesday, March 21st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 24th will be given a dividend of GBX 7 ($0.09) per share on Thursday, July 5th. This represents a dividend yield of 2.78%. The ex-dividend date is Thursday, May 24th. This is an increase from Ten Entertainment Group’s previous dividend of $3.00. The official announcement can be viewed at this link.

Shares of Ten Entertainment Group remained flat at $GBX 268 ($3.57) during midday trading on Friday, according to MarketBeat.com. 37,460 shares of the company’s stock traded hands, compared to its average volume of 7,966. Ten Entertainment Group has a twelve month low of GBX 152 ($2.02) and a twelve month high of GBX 274.50 ($3.65).

In related news, insider Alan Michael Hand sold 217,037 shares of the stock in a transaction dated Thursday, April 26th. The shares were sold at an average price of GBX 240 ($3.20), for a total value of £520,888.80 ($693,501.26).

A number of brokerages recently commented on TEG. Berenberg Bank increased their price target on shares of Ten Entertainment Group from GBX 300 ($3.99) to GBX 310 ($4.13) and gave the company a “buy” rating in a report on Monday, April 23rd. Numis Securities increased their price target on shares of Ten Entertainment Group from GBX 327 ($4.35) to GBX 329 ($4.38) and gave the company a “buy” rating in a report on Thursday, April 19th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 325 ($4.33) price target on shares of Ten Entertainment Group in a report on Thursday, April 19th.

About Ten Entertainment Group

Ten Entertainment Group plc, together with its subsidiaries, engages in ten-pin bowling operations in the United Kingdom. The company operates 40 ten-pin bowling sites with approximately 1,000 bowling lanes under the Tenpin brand. It also engages in amusement machine, table tennis, soft play, laser game, pool table, and restaurant and bar activities.

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