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MKS Marks And Spencer Group Plc

-1.80 (-0.71%)
Last Updated: 12:53:03
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Marks And Spencer Group Plc MKS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-1.80 -0.71% 252.60 12:53:03
Open Price Low Price High Price Close Price Previous Close
255.00 250.90 257.60 254.40
more quote information »
Industry Sector

Marks And Spencer MKS Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

Top Dividend Posts

Top Posts
Posted at 11/11/2023 18:45 by waldron
M&S shares: what the analysts think plus latest price targets

One of the UK’s best-known retailers is undergoing an impressive and much-needed transformation, and shareholders are finally feeling the benefit. Here’s how the City has reacted to latest results.

9th November 2023 13:38

by Graeme Evans from interactive investor

A “chronically undervalued” Marks & Spencer Group MKS

share price has been backed to reach at least £3 as favourable reviews for the resurgent retailer continued in the City today.

Peel Hunt said upgraded forecasts will “look miles too low” if M&S can deliver on the promises outlined in a five-year strategy briefing, which the company held with analysts after yesterday’s better-than-expected half-year results and dividend restoration.

The City firm left yesterday afternoon’s presentation convinced that the management team is “as impressive a unit as we have seen at the company in years, possibly ever”.

Peel Hunt said it learned a lot about how processes are improving within M&S, including the supply chain, in-store tactics and product sourcing. This has underlined its belief that the turnaround can be both a sales and margin story.

The positive commentary follows half-year profits of £360 million that comfortably beat City forecasts of £275 million, with the beat driven by both sides of the business.

Food like-for-like sales grew by 11.7% and margins were encouraging in clothing and home after an improvement to 12.1% from 9.8% the previous year. M&S also reported further robust trading in October, boosting confidence in the run-up to Christmas.

The City’s full-year profit consensus rose from £560 million to around £640 million, although M&S struck a cautious tone amid the highest interest rates in two decades.

As it had previously promised, the company declared a “modest” 1p a share dividend to reflect the improved operating performance, balance sheet and credit metrics.

This will be paid on 12 January and represents the first distribution to shareholders in four years. Peel Hunt is looking for a total for the year of 6p, rising to 8p a share in 2025.

Shares jumped 9% yesterday and are now up 90% to 243p over this year, with last night’s valuation of £4.8 billion giving M&S a stronger foothold in the FTSE 100 index after recently ending four years of mid-cap exile.

Despite the progress, M&S loyalists among its 100,000 or so retail investors will recall being above 500p in 2015 and sharing a dividend pot worth £375 million the following year.

Peel Hunt believes yesterday’s upgrades may end up looking too conservative if the strong trading in food and especially clothing and home (C&H) lasts beyond Christmas.

The broker said: “The value for money position in food continues to improve and style progress persists in C&H.

“The expression “positive dissatisfaction̶1; prevails, and may do so in shareholders' minds, in that the shares have done well, but they remain chronically undervalued in our view. We stick with a strong Buy but our 300p target price is probably too low on a 12-month view.”

Among other City firms, JP Morgan today switched the retailer to “neutral”; from “underweight” with its new price target of 260p up from 170p previously.

Analysts at Morgan Stanley upgraded their earnings forecasts but stick with their “overweight221; rating and 280p price target for now.
Posted at 10/11/2023 10:08 by careful
A good programme.
Very capable young women managing MKS well.
(Did not see any men, that must be a plus.)
The men that manage the NHS seem clueless.

I thought the new Lakeside store looked a bit bleak, no windows, but no doubt with furnishings and lighting it will look better when completed.

MKS are on the way back.
Posted at 10/11/2023 00:13 by philanderer
Peel Hunt: More to do at Marks & Spencer

First-half results have cemented Marks & Spencer (MKS) as a top pick for Peel Hunt but there is ‘more to do’.

Analyst Jonathan Pritchard reiterated his ‘buy’ recommendation and target price of 300p on the Citywire Elite Companies A-rated retailer, which was trading at 247p on Wednesday.

The group reported an 83.7% increase in operating profits to £315m in its first-half results, as sales rose 19.8%. It kept shareholders happy with the reinstatement of its dividend after a four-year hiatus, announcing a 1p-per-share interim payment.

Pritchard said the results were a ‘massive beat’ even though the August update suggested the half-year results would be strong. The consensus was for profits of £275m.

‘The beat comes on both sides of the business – food carried on at 11%-plus like-for-like and margins were pleasing in clothing and home,’ he said.

‘Even with a major investment into service and tech in the second half, upgrades are material – full-year, profit-before-tax consensus will go from £560m to £640m.’

Pritchard said the shares have ‘done well’ but ‘were surely not discounting a beat of this magnitude’.

‘We believe Marks & Spencer is doing many things right but there is more to do, which is true of the shares as well,’ he said, adding that the company was a top pick in the sector.
Posted at 08/11/2023 12:22 by debsdowner
Good riise circa 11% now and could go higher when Dow opens and US investors buy.

1 pence divi is on a interim basis so could go higher on final results, the fact MKS has returned to dividend list is something institutions and pension funds like so there is a yield now.

Could be 2p final making 3 pence or more for full year.

Don't forget to watch turnaround on ITV tomorrow.
Posted at 08/11/2023 08:09 by johnwise
Marks & Spencer restores dividend as profit leaps

Marks and Spencer Group PLC (LSE:MKS) restored the dividend for the first time in four years as it said its strategy to reshape the food and clothing retailer was delivering.

Pre-tax profits in the six months ending September jumped 56% to £325.6 million from £208.5 million, led by strong growth in food sales.
Posted at 08/11/2023 07:07 by the grumpy old men

With the Group generating a further improvement in operating performance, balance sheet and credit metrics, the Board is restoring a dividend to shareholders, starting with an interim dividend of 1p per share. In line with the requirements of IAS 10 Events after the Reporting Period, this has not been recognised within these results. This interim dividend will be paid on 12 January 2024 to shareholders whose names are on the Register of Members at the close of business on 17 November 2023. The ordinary shares will be quoted ex dividend on 16 November 2023.

A dividend reinvestment plan (DRIP) is available to shareholders who would prefer to invest their dividends in the shares of the Company. For those shareholders electing to receive the DRIP, the last date for receipt of a new election is 19 December 2023.
Posted at 31/10/2023 12:51 by xxxxxy
 Board plans to restore a modest annual dividend to shareholders starting with an interim dividend with the results in November... M&S
Posted at 21/5/2023 11:56 by darrin1471
In January MKS did not upgrade their outlook so the risk should be to the upside as consumer confidence is higher now than when the outlook was issued.
MKS is at a year high but there is still a 50% upside to reach the post covid high and I would argue that the perception of MKS is now a lot better than then.

The elephant in the room. Dividends
This time last year "The Board will consider the scale and timing of a resumption of dividend payments at the year end"
Resuming dividends after 4 years should be a significant boost to the share price as income funds are able to buy.
Dividends vs debt paydown vs investment is an important call and the forward looking dividend policy will be very important to the MKS share price.
Posted at 03/5/2023 20:49 by darrin1471
Copied from simon gordon post 176754 of 176757 on SHA thread

JO Hambro - 2/5/23:

We noted last month we had added one new stock, which we now highlight, having built it to a c.40-50bps position. We will continue to build this holding, Marks & Spencer’s (MKS), as we see results and capital allocation decisions made. We sceptically approached our assessment of MKS given its history and our (negative) preconceptions given that history. What is under the bonnet, once assessed, is very different. The market capitalisation of MKS is materially lower than a straw poll would think, just c.£3bn. Part of this is driven by the more comprehensive valuation points we make about the UK market in this report and part is driven by the perception issues just noted. Under the bonnet, it is clear (a) the new management has made a noticeable and material impact strategically and operationally (we would encourage very interested readers to watch the 90 minutes capital markets event by the new team from Q4 last year), (b) the over-spacing issues have been addressed; when the current plan is finished there will be just 180 mainline (non-food) MKS stores in the UK, (c) both sides of the business are taking market share – from Waitrose in Food, from John Lewis and the historic closures of Debenhams, Arcadia etc on the clothing side, (d) there are clear margin targets on both sides of the business that are realistic, (e) the balance sheet is now strong, (f) forecasts, in our view are too low and (g) we expect the Company to reinstate the dividend in the next 6-12 months. Our normalised earnings are c.30p a share compared to a share price of around 160p. MKS also own 50% of Ocado UK, which is not in this earnings number.
Posted at 26/3/2023 16:27 by darrin1471
For a decade it has been negative reports on MKS and praise for JL. That momentum has now reversed on the back of may years work at MKS. MKS have a plan and are executing it successfully. JL are only just waking up to the realisation that they need a plan. Any JL fundraising will come with the condition of a change at the top.
MKS has a lead is big data and the personalisation of an individual shopping experience via omnichannel. This is only just starting to bear fruits at MKS but JL have not even got the resources to even start.
Next and MKS appear to be leading the way. Frasers could benefit or go up in smoke.

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