Burford Capital Limited Plans Semi-annual Dividend of $0.06 (NYSE:BUR)

Burford Capital Limited (NYSE:BUR) declared a semi-annual dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Friday, May 23rd will be given a dividend of 0.0625 per share on Friday, June 13th. This represents a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd.

Burford Capital has a dividend payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Burford Capital to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 14.6%.

Burford Capital Stock Up 1.3 %

Shares of BUR traded up $0.18 during mid-day trading on Wednesday, hitting $13.75. 163,927 shares of the company’s stock were exchanged, compared to its average volume of 965,078. The company has a debt-to-equity ratio of 0.54, a quick ratio of 15.75 and a current ratio of 15.75. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 11.85 and a beta of 0.59. The stock’s 50-day moving average is $14.03 and its 200-day moving average is $13.62. Burford Capital has a fifty-two week low of $12.07 and a fifty-two week high of $16.77.

Burford Capital (NYSE:BUR) last released its earnings results on Monday, March 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.62). Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. The business had revenue of $65.69 million for the quarter, compared to analyst estimates of $219.38 million. On average, sell-side analysts anticipate that Burford Capital will post 1.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Burford Capital news, CEO Christopher P. Bogart sold 90,000 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $1,314,900.00. Following the sale, the chief executive officer now directly owns 452,185 shares of the company’s stock, valued at approximately $6,606,422.85. This represents a 16.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President Aviva O. Will sold 7,500 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total transaction of $109,575.00. Following the completion of the sale, the president now owns 310,979 shares in the company, valued at $4,543,403.19. The trade was a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock worth $1,468,305 in the last quarter. 0.19% of the stock is owned by company insiders.

About Burford Capital

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.