The Property Franchise Group PLC (LON:TPFG) Announces Dividend of GBX 12

The Property Franchise Group PLC (LON:TPFG) declared a dividend on Tuesday, April 8th, DividendData.Co.Uk reports. Investors of record on Thursday, April 17th will be paid a dividend of GBX 12 ($0.15) per share on Monday, April 21st. This represents a yield of 2.93%. The ex-dividend date of this dividend is Thursday, April 17th. This is a 100.0% increase from The Property Franchise Group’s previous dividend of $6.00. The official announcement can be seen at this link.

The Property Franchise Group Price Performance

Shares of TPFG stock opened at GBX 410.60 ($5.25) on Thursday. The Property Franchise Group has a 12-month low of GBX 336.55 ($4.30) and a 12-month high of GBX 490 ($6.26). The firm has a market capitalization of £261.15 million, a price-to-earnings ratio of 16.96 and a beta of 0.42. The business has a 50 day simple moving average of GBX 428.24 and a 200 day simple moving average of GBX 422.88.

The Property Franchise Group (LON:TPFG) last posted its quarterly earnings data on Tuesday, April 8th. The company reported GBX 31.70 ($0.41) earnings per share for the quarter. The Property Franchise Group had a net margin of 18.96% and a return on equity of 8.40%. On average, equities analysts anticipate that The Property Franchise Group will post 34.5809601 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased their price objective on The Property Franchise Group from GBX 589 ($7.53) to GBX 595 ($7.60) and gave the company a “buy” rating in a report on Tuesday.

Insider Buying and Selling at The Property Franchise Group

In other news, insider Michelle Brook sold 8,788 shares of the firm’s stock in a transaction dated Monday, February 17th. The stock was sold at an average price of GBX 439 ($5.61), for a total value of £38,579.32 ($49,296.35). Insiders own 19.92% of the company’s stock.

The Property Franchise Group Company Profile

The Property Franchise Group PLC (AIM: TPFG) is the UK’s largest multi-brand property franchisor, with a network of over 1,946 outlets delivering high quality services to residential clients, combined with an established Financial Services business.

The Company was founded in 1986 and has since strategically grown to a diverse portfolio of 18 brands operating throughout the UK, comprising longstanding high-street focused brands and two hybrid brands.