Bellway p.l.c. (LON:BWY) Declares Dividend Increase – GBX 95 Per Share

Bellway p.l.c. (LON:BWY) declared a dividend on Tuesday, March 25th, Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, April 3rd will be paid a dividend of GBX 95 ($1.22) per share on Tuesday, April 8th. This represents a dividend yield of 2.55%. The ex-dividend date is Thursday, April 3rd. This is a 150.0% increase from Bellway’s previous dividend of $38.00. The official announcement can be seen at this link.

Bellway Stock Down 0.6 %

Shares of LON BWY opened at GBX 2,396 ($30.85) on Thursday. The business has a 50-day simple moving average of GBX 2,408.29 and a two-hundred day simple moving average of GBX 2,626.80. Bellway has a 52 week low of GBX 2,156 ($27.76) and a 52 week high of GBX 3,384 ($43.57). The company has a market cap of £2.82 billion, a P/E ratio of 21.77, a P/E/G ratio of 3.40 and a beta of 1.46. The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 3.75.

Bellway (LON:BWY) last released its quarterly earnings results on Tuesday, March 25th. The company reported GBX 90.30 ($1.16) earnings per share for the quarter. Bellway had a net margin of 5.48% and a return on equity of 3.78%. Research analysts anticipate that Bellway will post 159.0741715 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upgraded shares of Bellway to an “overweight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,204.20 ($41.25).

About Bellway

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway, Ashberry, and Bellway London brands.