Bellway p.l.c. (LON:BWY) to Issue Dividend Increase – GBX 95 Per Share

Bellway p.l.c. (LON:BWY) announced a dividend on Tuesday, March 25th, Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, April 3rd will be given a dividend of GBX 95 ($1.23) per share on Tuesday, April 8th. This represents a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a 150.0% increase from Bellway’s previous dividend of $38.00. The official announcement can be accessed at this link.

Bellway Price Performance

BWY opened at GBX 2,386 ($30.89) on Wednesday. The company has a current ratio of 5.26, a quick ratio of 0.50 and a debt-to-equity ratio of 3.75. The company has a market cap of £2.81 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. The stock has a fifty day simple moving average of GBX 2,407.65 and a two-hundred day simple moving average of GBX 2,628.37. Bellway has a 12-month low of GBX 2,156 ($27.91) and a 12-month high of GBX 3,384 ($43.81).

Bellway (LON:BWY) last issued its quarterly earnings results on Tuesday, March 25th. The company reported GBX 90.30 ($1.17) earnings per share (EPS) for the quarter. Bellway had a net margin of 5.48% and a return on equity of 3.78%. Research analysts predict that Bellway will post 159.0741715 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upgraded Bellway to an “overweight” rating in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,204.20 ($41.48).

Bellway Company Profile

Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway, Ashberry, and Bellway London brands.