Shoe Zone (SHOE) Hits New 12-Month High After Dividend Announcement

Shoe Zone PLC (LON:SHOE)’s share price hit a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as GBX 205 ($2.68) and last traded at GBX 201.50 ($2.63), with a volume of 88012 shares. The stock had previously closed at GBX 179.50 ($2.35).

The newly announced dividend which will be paid on Wednesday, March 20th. Stockholders of record on Thursday, February 28th will be given a dividend of GBX 16 ($0.21) per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a dividend yield of 7.94%. This is a boost from Shoe Zone’s previous dividend of $3.50.

Separately, FinnCap reiterated a “corporate” rating on shares of Shoe Zone in a research report on Wednesday.

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