Michelmersh Brick Holdings plc (LON:MBH) Declares Dividend Increase – GBX 3 Per Share

Michelmersh Brick Holdings plc (LON:MBH) declared a dividend on Tuesday, March 25th, DividendData.Co.Uk reports. Stockholders of record on Thursday, June 5th will be paid a dividend of GBX 3 ($0.04) per share on Wednesday, July 9th. This represents a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, June 5th. This is a 87.5% increase from Michelmersh Brick’s previous dividend of $1.60. The official announcement can be seen at this link.

Michelmersh Brick Price Performance

MBH traded down GBX 1.20 ($0.02) during trading on Wednesday, reaching GBX 96.80 ($1.25). 214,048 shares of the company were exchanged, compared to its average volume of 124,341. The company has a quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 2.05. The company has a market cap of £89.02 million, a price-to-earnings ratio of 11.01 and a beta of 1.01. Michelmersh Brick has a 12-month low of GBX 92 ($1.19) and a 12-month high of GBX 111.65 ($1.45). The company’s 50-day moving average is GBX 105.44 and its two-hundred day moving average is GBX 102.50.

Michelmersh Brick (LON:MBH) last posted its earnings results on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) earnings per share (EPS) for the quarter. Michelmersh Brick had a net margin of 11.46% and a return on equity of 8.82%. Research analysts forecast that Michelmersh Brick will post 10.3053435 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MBH shares. Berenberg Bank restated a “buy” rating and issued a GBX 170 ($2.20) target price on shares of Michelmersh Brick in a research note on Tuesday. Canaccord Genuity Group lowered their target price on shares of Michelmersh Brick from GBX 170 ($2.20) to GBX 160 ($2.07) and set a “buy” rating on the stock in a research note on Tuesday.

About Michelmersh Brick

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Hathern Terra Cotta and Floren. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.

Established in 1997 the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 120 million clay bricks and pavers per annum.