Insider Buying: Hongkong Land Holdings Limited (LON:HKLD) Insider Purchases £86,064 in Stock

Hongkong Land Holdings Limited (LON:HKLD) insider Craig Beattie acquired 17,600 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were bought at an average cost of GBX 489 ($6.49) per share, with a total value of £86,064 ($114,203.82).

Hongkong Land Stock Performance

The business has a 50 day simple moving average of GBX 6.74. Hongkong Land Holdings Limited has a 1-year low of GBX 3.93 ($0.05) and a 1-year high of GBX 7.41 ($0.10). The company has a market cap of £93.26 million, a P/E ratio of -16.23, a P/E/G ratio of 2.50 and a beta of 0.52. The company has a debt-to-equity ratio of 20.55, a quick ratio of 0.65 and a current ratio of 1.70.

Hongkong Land Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Thursday, March 20th will be paid a $0.17 dividend. This is an increase from Hongkong Land’s previous dividend of $0.06. This represents a yield of 2.29%. The ex-dividend date of this dividend is Thursday, March 20th. Hongkong Land’s payout ratio is presently -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.