Breedon Group plc (LON:BREE) Announces Dividend Increase – GBX 10 Per Share

Breedon Group plc (LON:BREE) announced a dividend on Wednesday, March 5th, DividendData.Co.Uk reports. Investors of record on Thursday, April 3rd will be given a dividend of GBX 10 ($0.13) per share on Friday, May 16th. This represents a yield of 2.09%. The ex-dividend date is Thursday, April 3rd. This is a 122.2% increase from Breedon Group’s previous dividend of $4.50. The official announcement can be accessed at this link.

Breedon Group Stock Up 0.5 %

BREE opened at GBX 450.78 ($5.82) on Tuesday. The company has a market capitalization of £1.55 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The business has a 50-day moving average of GBX 451.02 and a 200-day moving average of GBX 442.10. Breedon Group has a fifty-two week low of GBX 356 ($4.60) and a fifty-two week high of GBX 501 ($6.47). The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12.

Breedon Group (LON:BREE) last posted its earnings results on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) EPS for the quarter. Breedon Group had a net margin of 6.34% and a return on equity of 8.58%. Equities research analysts forecast that Breedon Group will post 36.8586859 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Berenberg Bank upped their price target on Breedon Group from GBX 540 ($6.98) to GBX 590 ($7.62) and gave the stock a “buy” rating in a research note on Thursday, March 6th.

Breedon Group Company Profile

Breedon Group plc, a leading vertically-integrated construction materials group in Great Britain, Ireland and the USA, delivers essential products to the construction sector. Breedon holds 1.5bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services, including specialty materials, surfacing and highway maintenance operations, to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants.