Renew Holdings plc (LON:RNWH) Announces Dividend Increase – GBX 12.67 Per Share

Renew Holdings plc (LON:RNWH) announced a dividend on Tuesday, November 26th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, February 6th will be given a dividend of GBX 12.67 ($0.16) per share on Friday, March 14th. This represents a yield of 1.17%. The ex-dividend date is Thursday, February 6th. This is a positive change from Renew’s previous dividend of $6.33. The official announcement can be accessed at this link.

Renew Stock Performance

LON RNWH opened at GBX 1,045.96 ($13.26) on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.81 and a debt-to-equity ratio of 10.41. The firm’s fifty day moving average price is GBX 1,087.64 and its two-hundred day moving average price is GBX 1,075.98. Renew has a 1 year low of GBX 800 ($10.14) and a 1 year high of GBX 1,296 ($16.43). The firm has a market capitalization of £827.77 million, a P/E ratio of 1,687.10 and a beta of 1.06.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of Renew in a research report on Friday, October 4th.

Renew Company Profile

Renew Holdings plc operates as a contractor in the field of engineering services and specialist building in the United Kingdom. The company engages in the provision of services to the rail, telecoms, water, highways, and energy networks. It offers operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering services; geotechnical and earthworks; plant, power, and signaling renewals; 24/7 emergency services; asset renewal and refurbishment; tunnel and shaft refurbishment, fencing, and devegetation; and in-house design services, as well as wireless telecoms installations; critical planned and reactive maintenance and renewals; acquisition, planning and design services; 3G, 4G, 5G, and Wi-Fi technologies; temporary sites and special events; and maintenance and decommissioning services.