Burford Capital Limited (NYSE:BUR) Declares $0.06 Dividend

Burford Capital Limited (NYSE:BUR) announced a dividend on Monday, September 29th. Stockholders of record on Friday, October 31st will be given a dividend of 0.0625 per share on Thursday, December 4th. This represents a dividend yield of 103.0%. The ex-dividend date of this dividend is Friday, October 31st.

Burford Capital has a dividend payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Burford Capital to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 14.6%.

Burford Capital Trading Up 0.3%

Shares of BUR stock traded up $0.04 during mid-day trading on Monday, hitting $12.11. 1,326,630 shares of the company’s stock were exchanged, compared to its average volume of 1,380,932. Burford Capital has a fifty-two week low of $10.70 and a fifty-two week high of $15.73. The stock has a 50-day simple moving average of $13.24 and a two-hundred day simple moving average of $13.27. The company has a quick ratio of 10.09, a current ratio of 10.09 and a debt-to-equity ratio of 0.55. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 11.21 and a beta of 0.66.

Burford Capital (NYSE:BUR) last issued its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. Burford Capital had a return on equity of 7.48% and a net margin of 37.08%.The firm had revenue of $191.29 million for the quarter, compared to analysts’ expectations of $159.02 million. Equities analysts expect that Burford Capital will post 1.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wedbush reissued an “outperform” rating and issued a $18.00 price objective on shares of Burford Capital in a report on Thursday, August 14th. Wall Street Zen lowered Burford Capital from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $18.00.

Burford Capital Company Profile

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.