J D Wetherspoon plc (LON:JDW) Raises Dividend to GBX 12 Per Share

J D Wetherspoon plc (LON:JDW) announced a dividend on Friday, October 4th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 24th will be paid a dividend of GBX 12 ($0.16) per share on Thursday, November 28th. This represents a yield of 1.64%. The ex-dividend date of this dividend is Thursday, October 24th. This is a positive change from J D Wetherspoon’s previous dividend of $8.00. The official announcement can be accessed at this link.

J D Wetherspoon Stock Up 0.8 %

Shares of LON:JDW opened at GBX 730 ($9.76) on Friday. J D Wetherspoon has a 52-week low of GBX 587 ($7.85) and a 52-week high of GBX 862.50 ($11.54). The company has a market capitalization of £902.43 million, a PE ratio of 2,281.25, a price-to-earnings-growth ratio of 3.39 and a beta of 1.34. The company has a debt-to-equity ratio of 317.46, a quick ratio of 0.19 and a current ratio of 0.34. The company has a fifty day moving average of GBX 733.75 and a 200-day moving average of GBX 744.81.

Insider Activity at J D Wetherspoon

In related news, insider Timothy (Tim) Martin sold 1,361,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of GBX 739 ($9.88), for a total transaction of £10,057,790 ($13,453,437.67). In other J D Wetherspoon news, insider Timothy (Tim) Martin sold 1,361,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of GBX 739 ($9.88), for a total transaction of £10,057,790 ($13,453,437.67). Also, insider Ben Whitley purchased 7,000 shares of the stock in a transaction on Wednesday, July 10th. The shares were purchased at an average price of GBX 761 ($10.18) per share, with a total value of £53,270 ($71,254.68). 31.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

JDW has been the subject of a number of recent research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 172 ($2.30) target price on shares of J D Wetherspoon in a report on Tuesday, June 11th. Shore Capital reaffirmed a “hold” rating on shares of J D Wetherspoon in a research note on Friday.

J D Wetherspoon Company Profile

J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland. The company was founded in 1979 and is based in Watford, the United Kingdom.