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

Bellway p.l.c. (LON:BWY) declared a dividend on Tuesday, March 25th, Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, April 3rd will be given a dividend of GBX 95 ($1.23) per share on Tuesday, April 8th. This represents a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a 150.0% increase from Bellway’s previous dividend of $38.00. The official announcement can be viewed at this link.

Bellway Trading Down 2.4 %

Shares of Bellway stock opened at GBX 2,386 ($30.89) on Wednesday. The company has a 50 day simple moving average of GBX 2,407.65 and a two-hundred day simple moving average of GBX 2,628.37. The firm has a market cap of £2.81 billion, a PE ratio of 21.68, a PEG ratio of 3.40 and a beta of 1.46. Bellway has a 1 year low of GBX 2,156 ($27.91) and a 1 year high of GBX 3,384 ($43.81). The company has a debt-to-equity ratio of 3.75, a current ratio of 5.26 and a quick ratio of 0.50.

Bellway (LON:BWY) last released its earnings results on Tuesday, March 25th. The company reported GBX 90.30 ($1.17) EPS for the quarter. Bellway had a return on equity of 3.78% and a net margin of 5.48%. Analysts expect that Bellway will post 159.0741715 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upgraded shares of Bellway to an “overweight” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 3,204.20 ($41.48).

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.