Bloomsbury Publishing (LON:BMY) Hits New 52-Week High Following Dividend Announcement

Bloomsbury Publishing Plc (LON:BMY)’s stock price reached a new 52-week high during mid-day trading on Thursday after the company announced a dividend. The stock traded as high as GBX 754 ($9.79) and last traded at GBX 751.48 ($9.76), with a volume of 1367115 shares trading hands. The stock had previously closed at GBX 682 ($8.85).

The newly announced dividend which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be paid a GBX 3.89 ($0.05) dividend. The ex-dividend date is Thursday, October 31st. This represents a yield of 0.57%. Bloomsbury Publishing’s payout ratio is presently 3,846.15%.

Bloomsbury Publishing Stock Up 2.2 %

The company has a quick ratio of 1.04, a current ratio of 1.67 and a debt-to-equity ratio of 4.40. The firm has a market cap of £614.06 million, a P/E ratio of 1,933.33 and a beta of 0.66. The business has a fifty day moving average of GBX 685.68 and a 200 day moving average of GBX 641.59.

Insider Buying and Selling

In other Bloomsbury Publishing news, insider Nigel Newton sold 58,378 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of GBX 713 ($9.26), for a total transaction of £416,235.14 ($540,424.75). 8.26% of the stock is currently owned by company insiders.

Bloomsbury Publishing Company Profile

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions.