Burford Capital Limited (NYSE:BUR) Announces Semi-annual Dividend of $0.06

Burford Capital Limited (NYSE:BUR) declared a semi-annual dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Friday, May 23rd will be given a dividend of 0.0625 per share on Friday, June 13th. This represents a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd.

Burford Capital has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Burford Capital to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 14.6%.

Burford Capital Stock Performance

Shares of Burford Capital stock traded up $0.18 during trading on Wednesday, reaching $13.75. The company’s stock had a trading volume of 163,927 shares, compared to its average volume of 965,078. The firm has a market cap of $3.01 billion, a PE ratio of 11.85 and a beta of 0.59. The company has a 50-day moving average price of $14.03 and a two-hundred day moving average price of $13.62. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54. Burford Capital has a fifty-two week low of $12.07 and a fifty-two week high of $16.77.

Burford Capital (NYSE:BUR) last released its quarterly earnings results on Monday, March 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.62). The company had revenue of $65.69 million for the quarter, compared to analysts’ expectations of $219.38 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. On average, analysts forecast that Burford Capital will post 1.28 EPS for the current year.

Insider Activity

In other Burford Capital news, insider David Perla sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $43,830.00. Following the transaction, the insider now owns 82,489 shares in the company, valued at approximately $1,205,164.29. The trade was a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Aviva O. Will sold 7,500 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $109,575.00. Following the transaction, the president now directly owns 310,979 shares of the company’s stock, valued at approximately $4,543,403.19. This trade represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,500 shares of company stock valued at $1,468,305. Company insiders own 0.19% of the company’s stock.

About Burford Capital

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.