Law Debenture Co. (LON:LWDB) Raises Dividend to GBX 9.50 Per Share

Law Debenture Co. (LON:LWDB) declared a dividend on Wednesday, March 12th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 20th will be paid a dividend of GBX 9.50 ($0.12) per share by the investment trust on Wednesday, April 16th. This represents a dividend yield of 1.04%. The ex-dividend date is Thursday, March 20th. This is a 18.8% increase from Law Debenture’s previous dividend of $8.00. The official announcement can be seen at this link.

Law Debenture Price Performance

Shares of Law Debenture stock traded up GBX 7.88 ($0.10) during mid-day trading on Tuesday, reaching GBX 910.88 ($11.83). 330,311 shares of the stock traded hands, compared to its average volume of 236,763. The business has a 50-day moving average of GBX 900.50 and a 200 day moving average of GBX 891.81. Law Debenture has a fifty-two week low of GBX 766 ($9.95) and a fifty-two week high of GBX 929 ($12.07). The stock has a market capitalization of £1.20 billion, a PE ratio of 8.48 and a beta of 0.93. The company has a quick ratio of 3.21, a current ratio of 3.01 and a debt-to-equity ratio of 18.53.

Law Debenture (LON:LWDB) last posted its quarterly earnings results on Wednesday, March 12th. The investment trust reported GBX 33.48 ($0.43) EPS for the quarter. Law Debenture had a return on equity of 15.91% and a net margin of 69.85%.

About Law Debenture

LawDeb is a rare proposition; an investment trust with an independent professional services business. Our goal is to achieve long term capital growth in real terms and steadily increasing income.