Hongkong Land Holdings Limited (LON:HKLD) Insider Michael Smith Acquires 356,900 Shares

Hongkong Land Holdings Limited (LON:HKLD) insider Michael Smith bought 356,900 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were bought at an average cost of GBX 319 ($4.18) per share, with a total value of £1,138,511 ($1,491,759.70).

Hongkong Land Price Performance

Hongkong Land Holdings Limited has a 12 month low of GBX 3.07 ($0.04) and a 12 month high of GBX 7.41 ($0.10). The company has a debt-to-equity ratio of 20.55, a current ratio of 1.70 and a quick ratio of 0.65. The firm has a market capitalization of £94.81 million, a P/E ratio of -16.50, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52. The business has a 50 day moving average price of GBX 6.87.

Hongkong Land Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Thursday, March 20th will be issued a $0.17 dividend. This is a boost from Hongkong Land’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 20th. This represents a yield of 2.29%. Hongkong Land’s dividend payout ratio is -8,461.54%.

About Hongkong Land

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.