Dr. Martens (LON:DOCS) Trading 14.9% Higher After Dividend Announcement

Dr. Martens plc (LON:DOCS)’s share price was up 14.9% during mid-day trading on Thursday after the company announced a dividend. The company traded as high as GBX 70 ($0.89) and last traded at GBX 66.40 ($0.84). Approximately 9,112,005 shares traded hands during mid-day trading, an increase of 328% from the average daily volume of 2,131,099 shares. The stock had previously closed at GBX 57.80 ($0.73).

The newly announced dividend which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 6th will be given a dividend of GBX 0.85 ($0.01) per share. This represents a yield of 1.47%. The ex-dividend date of this dividend is Thursday, March 6th. Dr. Martens’s dividend payout ratio is 4,285.71%.

Dr. Martens Price Performance

The business has a 50-day moving average of GBX 55.99 and a two-hundred day moving average of GBX 68.45. The company has a current ratio of 2.85, a quick ratio of 1.13 and a debt-to-equity ratio of 129.55. The firm has a market cap of £632.33 million, a P/E ratio of 825.71, a price-to-earnings-growth ratio of 6.40 and a beta of 0.11.

Insider Buying and Selling

In related news, insider Kenny Wilson acquired 30,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was bought at an average cost of GBX 55 ($0.70) per share, for a total transaction of £16,500 ($20,917.85). Also, insider Andrew Harrison bought 58,220 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were purchased at an average cost of GBX 52 ($0.66) per share, with a total value of £30,274.40 ($38,380.32). Insiders have acquired a total of 88,709 shares of company stock worth $4,707,573 in the last ninety days. Company insiders own 4.36% of the company’s stock.

Dr. Martens Company Profile

Dr. Martens plc designs, develops, procures, markets, sells, and distributes footwear in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. It offers originals, fusion, kids, and casual, as well as accessories. The company offers its products under the Dr. Martens brand name. Dr. Martens plc was founded in 1945 and is based in London, the United Kingdom.