Warpaint London (LON:W7L) Shares Up 10.3% Following Dividend Announcement

Warpaint London PLC (LON:W7L)’s share price rose 10.3% during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as GBX 569 ($7.52) and last traded at GBX 569 ($7.52). Approximately 471,915 shares were traded during trading, an increase of 83% from the average daily volume of 257,679 shares. The stock had previously closed at GBX 516 ($6.82).

The newly announced dividend which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be paid a dividend of GBX 3.50 ($0.05) per share. The ex-dividend date is Thursday, November 7th. This represents a yield of 0.68%. Warpaint London’s payout ratio is 5,000.00%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Shore Capital reaffirmed a “house stock” rating on shares of Warpaint London in a research note on Wednesday, June 26th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 580 ($7.66) price objective on shares of Warpaint London in a research report on Wednesday, June 12th.

Warpaint London Stock Performance

The firm has a market cap of £447.15 million, a price-to-earnings ratio of 2,866.67 and a beta of 0.60. The stock has a 50-day moving average of GBX 582.31 and a 200-day moving average of GBX 517.73. The company has a debt-to-equity ratio of 11.64, a quick ratio of 1.56 and a current ratio of 3.65.

Insider Transactions at Warpaint London

In related news, insider Keith Sadler sold 11,950 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of GBX 595 ($7.86), for a total transaction of £71,102.50 ($93,926.68). Company insiders own 41.51% of the company’s stock.

About Warpaint London

Warpaint London PLC, together with its subsidiaries, provides color cosmetics. It operates through two segments, Branded and Close-Out. The company offers its cosmetic skincare products under the W7, Technic, Man'stuff, Body Collection, Very Vegan, and Chit Chat brand names. It also provides supply chain management services.