Wynnstay Group Plc (LON:WYN) Declares Dividend of GBX 11.90

Wynnstay Group Plc (LON:WYN) declared a dividend on Tuesday, February 11th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be paid a dividend of GBX 11.90 ($0.15) per share on Wednesday, April 30th. This represents a yield of 3.87%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 112.5% increase from Wynnstay Group’s previous dividend of $5.60. The official announcement can be viewed at this link.

Wynnstay Group Price Performance

LON WYN opened at GBX 300.20 ($3.88) on Tuesday. The firm has a market capitalization of £69.18 million, a PE ratio of 11.15 and a beta of 0.58. The company has a debt-to-equity ratio of 11.53, a current ratio of 2.00 and a quick ratio of 1.03. Wynnstay Group has a 12 month low of GBX 270 ($3.49) and a 12 month high of GBX 400 ($5.17). The company’s 50 day simple moving average is GBX 304.96 and its 200 day simple moving average is GBX 312.60.

Wynnstay Group (LON:WYN) last posted its quarterly earnings results on Tuesday, February 11th. The company reported GBX 23.78 ($0.31) earnings per share (EPS) for the quarter. Wynnstay Group had a return on equity of 4.69% and a net margin of 0.97%. As a group, equities research analysts forecast that Wynnstay Group will post 24.9054054 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Canaccord Genuity Group lowered their target price on Wynnstay Group from GBX 470 ($6.07) to GBX 430 ($5.56) and set a “buy” rating on the stock in a research note on Thursday, February 13th. Shore Capital reiterated a “house stock” rating on shares of Wynnstay Group in a research report on Tuesday.

Insider Activity at Wynnstay Group

In other news, insider Gareth Davies sold 3,304 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of GBX 322 ($4.16), for a total value of £10,638.88 ($13,747.10). Also, insider Stephen John Ellwood purchased 1,500 shares of Wynnstay Group stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of GBX 328 ($4.24) per share, for a total transaction of £4,920 ($6,357.41). Corporate insiders own 26.31% of the company’s stock.

Wynnstay Group Company Profile

Wynnstay is a leading UK provider of agricultural supplies and services to farmers and rural communities, mainly in England and Wales. It manufactures and supplies a comprehensive range of agricultural inputs for both livestock and arable farmers, including feed, seed and fertiliser. Through its crop marketing arm, GrainLink, it also provides a channel for arable farmers to sell their grain, and its specialist teams provide advice on the latest farming techniques, including environmental measures, and animal health and nutrition.

Wynnstay supplies both direct-to-farm and via its extensive network of depots.