Michelmersh Brick Holdings plc (LON:MBH) to Issue Dividend Increase – GBX 3 Per Share

Michelmersh Brick Holdings plc (LON:MBH) announced a dividend on Tuesday, March 25th, DividendData.Co.Uk reports. Investors of record on Thursday, June 5th will be given a dividend of GBX 3 ($0.04) per share on Wednesday, July 9th. This represents a yield of 3.06%. The ex-dividend date is Thursday, June 5th. This is a 87.5% increase from Michelmersh Brick’s previous dividend of $1.60. The official announcement can be seen at this link.

Michelmersh Brick Price Performance

MBH opened at GBX 98 ($1.26) on Thursday. Michelmersh Brick has a 1 year low of GBX 92 ($1.18) and a 1 year high of GBX 111.65 ($1.44). The company has a debt-to-equity ratio of 2.05, a current ratio of 2.13 and a quick ratio of 1.56. The company has a market capitalization of £90.13 million, a price-to-earnings ratio of 11.15 and a beta of 1.01. The firm’s fifty day moving average price is GBX 105.25 and its two-hundred day moving average price is GBX 102.46.

Michelmersh Brick (LON:MBH) last released its quarterly earnings results on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) earnings per share for the quarter. Michelmersh Brick had a net margin of 11.46% and a return on equity of 8.82%. As a group, analysts anticipate that Michelmersh Brick will post 10.3053435 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MBH shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 170 ($2.19) target price on shares of Michelmersh Brick in a report on Tuesday. Canaccord Genuity Group decreased their target price on Michelmersh Brick from GBX 170 ($2.19) to GBX 160 ($2.06) and set a “buy” rating for the company in a research report on Tuesday.

Michelmersh Brick Company Profile

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Hathern Terra Cotta and Floren. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.

Established in 1997 the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 120 million clay bricks and pavers per annum.