British Land Company PLC (LON:BLND) to Issue Dividend Increase – GBX 12.24 Per Share

British Land Company PLC (LON:BLND) announced a dividend on Wednesday, November 20th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, December 5th will be given a dividend of GBX 12.24 ($0.15) per share on Wednesday, January 15th. This represents a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 5th. This is an increase from British Land’s previous dividend of $10.64. The official announcement can be viewed at this link.

British Land Price Performance

Shares of BLND stock opened at GBX 375.80 ($4.76) on Thursday. The firm’s 50 day moving average price is GBX 422.26 and its two-hundred day moving average price is GBX 413.82. The company has a debt-to-equity ratio of 45.09, a quick ratio of 0.25 and a current ratio of 0.59. British Land has a 52-week low of GBX 340 ($4.30) and a 52-week high of GBX 467.80 ($5.92). The stock has a market cap of £3.75 billion, a PE ratio of -335.97, a PEG ratio of 6.76 and a beta of 1.55.

Insiders Place Their Bets

In other British Land news, insider Mark Aedy acquired 2,120 shares of the business’s stock in a transaction dated Tuesday, October 8th. The shares were acquired at an average price of GBX 436 ($5.52) per share, for a total transaction of £9,243.20 ($11,695.81). Over the last three months, insiders have bought 2,228 shares of company stock worth $969,349. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup restated a “neutral” rating on shares of British Land in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, British Land currently has a consensus rating of “Hold” and an average price target of GBX 455 ($5.76).

About British Land

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.