As per G&K Services, Inc. (NASDAQ:GK)’s news release on 2016-05-03, its shareholders will get cash dividend of $0.37 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-02 and 2016-06-17, respectively.
The stock of G&K Services, Inc. (NASDAQ:GK) will commence trading ex-dividend from 2016-05-31, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year G&K Services, Inc. (NASDAQ:GK) disbursed $1.48 in dividend compared to distribution of $7.08, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -82.4859%.
The past track record of five years substantiates that the average payout of G&K Services, Inc. (NASDAQ:GK) stands at $3.213, implying 32.819% growth. The company recorded earnings of $0.83 a share in the preceding fiscal.
The interim price target for G&K Services, Inc. (NASDAQ:GK) is set at $77. This level is the mean price reached by averaging the stock views of 2 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $78 and the lowest level is established at 76. This broad range highlights a standard deviation of $1.414 in reported estimates.
AlphaOne has allotted A sentiment score of 0 to G&K Services, Inc. (NASDAQ:GK) while impact score assigned is 50 as on as on 2016-06-24.
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