Dowlais Group plc (LON:DWL) Plans Dividend Increase – GBX 2.80 Per Share

Dowlais Group plc (LON:DWL) announced a dividend on Wednesday, March 5th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 17th will be given a dividend of GBX 2.80 ($0.04) per share on Thursday, May 29th. This represents a dividend yield of 4.27%. The ex-dividend date is Thursday, April 17th. This is a 100.0% increase from Dowlais Group’s previous dividend of $1.40. The official announcement can be seen at this link.

Dowlais Group Price Performance

DWL opened at GBX 54.95 ($0.72) on Tuesday. The firm has a market capitalization of £743.09 million and a price-to-earnings ratio of -1.45. Dowlais Group has a one year low of GBX 46.98 ($0.62) and a one year high of GBX 84.70 ($1.12). The business has a 50 day simple moving average of GBX 64.56 and a two-hundred day simple moving average of GBX 61.53.

Dowlais Group (LON:DWL) last announced its quarterly earnings data on Wednesday, March 5th. The company reported GBX 11.40 ($0.15) earnings per share for the quarter. Dowlais Group had a negative net margin of 11.24% and a negative return on equity of 21.02%. As a group, sell-side analysts expect that Dowlais Group will post 13.5660848 EPS for the current fiscal year.

Insider Activity at Dowlais Group

In related news, insider Liam Butterworth bought 86,532 shares of the company’s stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of GBX 67 ($0.88) per share, with a total value of £57,976.44 ($76,445.73). 1.78% of the stock is owned by corporate insiders.

Dowlais Group Company Profile

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.