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

Bellway p.l.c. (LON:BWY) declared a dividend on Tuesday, October 15th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, November 28th will be given a dividend of GBX 38 ($0.48) per share on Wednesday, January 8th. This represents a dividend 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 Trading Down 0.2 %

Shares of BWY stock opened at GBX 2,544 ($31.95) on Tuesday. The firm has a fifty day moving average price of GBX 2,953.36 and a 200-day moving average price of GBX 2,848.87. The company has a debt-to-equity ratio of 3.78, a current ratio of 5.78 and a quick ratio of 0.50. Bellway has a 1 year low of GBX 2,308 ($28.99) and a 1 year high of GBX 3,384 ($42.50). The company has a market cap of £3.02 billion, a price-to-earnings ratio of 1,416.67, a PEG ratio of 3.40 and a beta of 1.46.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BWY. Citigroup reissued a “buy” rating and issued a GBX 3,368 ($42.30) price target on shares of Bellway in a report on Thursday, August 15th. Berenberg Bank boosted their target price on shares of Bellway from GBX 2,900 ($36.42) to GBX 3,200 ($40.19) and gave the stock a “hold” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,204.20 ($40.24).

Insider Activity at Bellway

In other Bellway news, insider Keith Adey sold 27,303 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of GBX 3,257 ($40.91), for a total transaction of £889,258.71 ($1,116,878.56). 3.73% of the stock is currently owned by insiders.

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.