Wynnstay Group Plc (WYN) to Issue Dividend of GBX 11.90 on April 30th

Wynnstay Group Plc (LON:WYN) declared a dividend on Tuesday, February 11th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be given a dividend of GBX 11.90 ($0.15) per share on Wednesday, April 30th. This represents a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 112.5% increase from Wynnstay Group’s previous dividend of $5.60. The official announcement can be seen at this link.

Wynnstay Group Price Performance

Shares of LON WYN traded down GBX 4.80 ($0.06) during trading on Tuesday, hitting GBX 300.20 ($3.88). The company had a trading volume of 42,920 shares, compared to its average volume of 41,193. The company has a debt-to-equity ratio of 11.53, a quick ratio of 1.03 and a current ratio of 2.00. Wynnstay Group has a 52 week low of GBX 270 ($3.49) and a 52 week high of GBX 400 ($5.17). The company has a market cap of £69.18 million, a P/E ratio of 11.15 and a beta of 0.58. The business’s 50-day moving average is GBX 304.96 and its 200 day moving average is GBX 312.60.

Wynnstay Group (LON:WYN) last issued its earnings results on Tuesday, February 11th. The company reported GBX 23.78 ($0.31) earnings per share for the quarter. Wynnstay Group had a return on equity of 4.69% and a net margin of 0.97%. Equities research analysts predict that Wynnstay Group will post 24.9054054 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Wynnstay Group news, insider Gareth Davies sold 3,304 shares of Wynnstay Group stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of GBX 322 ($4.16), for a total value of £10,638.88 ($13,747.10). Also, insider Stephen John Ellwood bought 1,500 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were bought at an average price of GBX 328 ($4.24) per share, with a total value of £4,920 ($6,357.41). Corporate insiders own 26.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WYN shares. Shore Capital restated a “house stock” rating on shares of Wynnstay Group in a research report on Tuesday. Canaccord Genuity Group reduced their target price on Wynnstay Group from GBX 470 ($6.07) to GBX 430 ($5.56) and set a “buy” rating on the stock in a report on Thursday, February 13th.

Wynnstay Group Company Profile

Wynnstay is a leading UK provider of agricultural supplies and services to farmers and rural communities, mainly in England and Wales. It manufactures and supplies a comprehensive range of agricultural inputs for both livestock and arable farmers, including feed, seed and fertiliser. Through its crop marketing arm, GrainLink, it also provides a channel for arable farmers to sell their grain, and its specialist teams provide advice on the latest farming techniques, including environmental measures, and animal health and nutrition.

Wynnstay supplies both direct-to-farm and via its extensive network of depots.