Unite Group PLC (LON:UTG) Plans GBX 12.40 Dividend

Unite Group PLC (LON:UTG) declared a dividend on Tuesday, July 23rd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 19th will be paid a dividend of GBX 12.40 ($0.16) per share on Friday, November 1st. This represents a yield of 1.34%. The ex-dividend date of this dividend is Thursday, September 19th. The official announcement can be viewed at this link.

Unite Group Stock Performance

UTG traded down GBX 8.50 ($0.11) during trading hours on Tuesday, reaching GBX 924 ($11.95). The company’s stock had a trading volume of 546,059 shares, compared to its average volume of 858,009. Unite Group has a 52 week low of GBX 842 ($10.89) and a 52 week high of GBX 1,069 ($13.83). The company’s 50-day moving average is GBX 903.58 and its 200-day moving average is GBX 948.58. The company has a debt-to-equity ratio of 28.47, a quick ratio of 0.73 and a current ratio of 0.43. The firm has a market cap of £4.03 billion, a PE ratio of 3,708.00, a price-to-earnings-growth ratio of 3.20 and a beta of 1.18.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unite Group in a research note on Wednesday, July 3rd.

About Unite Group

Unite Group PLC, owns, manages, and develops purpose-built student accommodation facilities for the higher education sector in the United Kingdom. The company operates through Operations and Property segments. It manages rental properties, as well as offers asset management services. The company was founded in 1991 and is headquartered in Bristol, England.