Bellway p.l.c. (BWY) to Issue Dividend of GBX 38 on January 8th

Bellway p.l.c. (LON:BWY) announced a dividend on Tuesday, October 15th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 28th will be given a dividend of GBX 38 ($0.50) per share on Wednesday, January 8th. This represents a yield of 1.15%. The ex-dividend date of this dividend is Thursday, November 28th. This is an increase from Bellway’s previous dividend of $16.00. The official announcement can be viewed at this link.

Bellway Price Performance

BWY opened at GBX 3,352 ($43.77) on Thursday. The firm has a 50-day moving average price of GBX 3,061.58 and a 200-day moving average price of GBX 2,794.54. Bellway has a twelve month low of GBX 1,993 ($26.03) and a twelve month high of GBX 3,384 ($44.19). The company has a quick ratio of 0.50, a current ratio of 5.78 and a debt-to-equity ratio of 3.78. The company has a market capitalization of £3.98 billion, a price-to-earnings ratio of 1,850.00, a PEG ratio of 3.40 and a beta of 1.46.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BWY shares. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Bellway in a research note on Friday, July 5th. Berenberg Bank lifted their price target on Bellway from GBX 2,900 ($37.87) to GBX 3,200 ($41.79) and gave the company a “hold” rating in a research report on Tuesday. Finally, Citigroup reissued a “buy” rating and set a GBX 3,368 ($43.98) price objective on shares of Bellway in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Bellway currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,204.20 ($41.84).

Insider Buying and Selling at Bellway

In related news, insider Keith Adey sold 27,303 shares of Bellway stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of GBX 3,257 ($42.53), for a total transaction of £889,258.71 ($1,161,215.34). Insiders own 3.73% of the company’s stock.

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.