Grafton Group plc (LON:GFTU) Announces Dividend of GBX 26.50

Grafton Group plc (LON:GFTU) declared a dividend on Thursday, March 6th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 17th will be paid a dividend of GBX 26.50 ($0.35) per share on Thursday, May 15th. This represents a dividend yield of 3.02%. The ex-dividend date is Thursday, April 17th. This is a 152.4% increase from Grafton Group’s previous dividend of $10.50. The official announcement can be viewed at this link.

Grafton Group Stock Up 1.3 %

GFTU opened at GBX 896 ($11.81) on Tuesday. The firm has a market cap of £1.76 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.58 and a beta of 1.60. The company has a debt-to-equity ratio of 37.66, a quick ratio of 1.56 and a current ratio of 2.21. The firm’s 50-day simple moving average is GBX 867.53 and its 200-day simple moving average is GBX 932.85. Grafton Group has a twelve month low of GBX 790.90 ($10.43) and a twelve month high of GBX 1,097 ($14.46).

Insiders Place Their Bets

In other news, insider David Arnold purchased 2,867 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The shares were acquired at an average price of GBX 835 ($11.01) per share, for a total transaction of £23,939.45 ($31,565.73). Also, insider Ian Tyler acquired 1,180 shares of the stock in a transaction that occurred on Wednesday, April 9th. The stock was purchased at an average price of GBX 835 ($11.01) per share, with a total value of £9,853 ($12,991.82). Over the last three months, insiders purchased 5,300 shares of company stock valued at $4,433,018. Insiders own 11.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 1,100 ($14.50) target price on shares of Grafton Group in a report on Monday, March 10th.

Grafton Group Company Profile

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, Finland, and the United Kingdom. Its Distribution segment distributes building materials, paint, tools, ironmongery, fixings, and accessories, workwear and PPE, and spare parts; materials and plant for mechanical services, heating, plumbing, and air movement; and trade, DIY, and self-build markets with building materials, timber, doors and floors, plumbing and heating, bathrooms, and landscaping products under the Selco, Leyland SDM, Chadwicks, MacBlair, Isero, Polvo, Gunters en Meuser, TG Lynes, and IKH brands.