Bellway p.l.c. (LON:BWY) Increases Dividend to GBX 38 Per Share

Bellway p.l.c. (LON:BWY) declared a dividend on Tuesday, October 15th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, November 28th will be paid a dividend of GBX 38 ($0.48) per share on Wednesday, January 8th. This represents a yield of 1.15%. The ex-dividend date is Thursday, November 28th. This is a boost from Bellway’s previous dividend of $16.00. The official announcement can be seen at this link.

Bellway Price Performance

Shares of BWY opened at GBX 2,538 ($31.90) on Wednesday. The company has a debt-to-equity ratio of 3.78, a current ratio of 5.78 and a quick ratio of 0.50. The company’s fifty day moving average price is GBX 2,929.28 and its 200-day moving average price is GBX 2,846.60. Bellway has a 1-year low of GBX 2,308 ($29.01) and a 1-year high of GBX 3,384 ($42.54). The firm has a market capitalization of £3.01 billion, a PE ratio of 1,410.00, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46.

Insider Buying and Selling at Bellway

In related news, insider Keith Adey sold 27,303 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of GBX 3,257 ($40.94), for a total transaction of £889,258.71 ($1,117,861.36). Also, insider Simon Scougall purchased 515 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average price of GBX 2,528 ($31.78) per share, for a total transaction of £13,019.20 ($16,366.06). Company insiders own 3.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Citigroup reiterated a “buy” rating and set a GBX 3,368 ($42.34) price target on shares of Bellway in a research note on Thursday, August 15th. Berenberg Bank upped their target price on Bellway from GBX 2,900 ($36.46) to GBX 3,200 ($40.23) and gave the company a “hold” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,204.20 ($40.28).

About Bellway

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.