Bellway p.l.c. (LON:BWY) Increases Dividend to GBX 95 Per Share

Bellway p.l.c. (LON:BWY) announced a dividend on Tuesday, March 25th, Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, April 3rd will be paid a dividend of GBX 95 ($1.23) per share on Tuesday, April 8th. This represents a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a 150.0% increase from Bellway’s previous dividend of $38.00. The official announcement can be accessed at this link.

Bellway Stock Up 2.5 %

Shares of Bellway stock opened at GBX 2,471.26 ($31.93) on Tuesday. The company has a debt-to-equity ratio of 3.75, a current ratio of 5.26 and a quick ratio of 0.50. The stock has a market cap of £2.91 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 3.40 and a beta of 1.46. The firm’s 50-day moving average is GBX 2,403.73 and its two-hundred day moving average is GBX 2,632.51. Bellway has a 1 year low of GBX 2,156 ($27.86) and a 1 year high of GBX 3,384 ($43.73).

Bellway (LON:BWY) last issued its quarterly earnings data on Tuesday, March 25th. The company reported GBX 90.30 ($1.17) earnings per share for the quarter. Bellway had a return on equity of 3.78% and a net margin of 5.48%. As a group, research analysts expect that Bellway will post 159.0741715 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised Bellway to an “overweight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,204.20 ($41.40).

Bellway Company Profile

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.