Halfords Group (LON:HFD) Stock Price Up 9.3% After Dividend Announcement

Halfords Group plc (LON:HFD) shares shot up 9.3% during mid-day trading on Tuesday following a dividend announcement from the company. The stock traded as high as GBX 142.60 ($1.79) and last traded at GBX 141.20 ($1.77). 3,269,664 shares changed hands during mid-day trading, an increase of 286% from the average session volume of 848,006 shares. The stock had previously closed at GBX 129.20 ($1.62).

The newly announced dividend which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 12th will be given a dividend of GBX 3 ($0.04) per share. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 2.32%. Halfords Group’s dividend payout ratio is currently 6,153.85%.

Halfords Group Trading Up 13.3 %

The company has a debt-to-equity ratio of 59.34, a current ratio of 0.91 and a quick ratio of 0.41. The company has a market capitalization of £319.78 million, a P/E ratio of 1,138.46, a price-to-earnings-growth ratio of 2.80 and a beta of 1.62. The firm has a fifty day moving average price of GBX 149.56 and a 200-day moving average price of GBX 147.36.

About Halfords Group

Halfords Group plc, through its subsidiaries, provides motoring and cycling products and services in the United Kingdom and the Republic of Ireland. The company operates through two segments, Retail and Car Servicing. The Retail segment is involved in the retail of automotive, leisure, cycling products and accessories, auto parts, and accessories through its stores and online.