Bellway p.l.c. (LON:BWY) Plans Dividend Increase – GBX 38 Per Share

Bellway p.l.c. (LON:BWY) declared a dividend on Tuesday, October 15th, Upcoming.Co.Uk reports. Investors of record on Thursday, November 28th will be paid a dividend of GBX 38 ($0.50) per share on Wednesday, January 8th. This represents a yield of 1.15%. The ex-dividend date is Thursday, November 28th. This is a boost from Bellway’s previous dividend of $16.00. The official announcement can be seen at this link.

Bellway Stock Up 1.3 %

Shares of Bellway stock opened at GBX 3,348 ($43.72) on Wednesday. The company has a 50-day simple moving average of GBX 3,050.16 and a two-hundred day simple moving average of GBX 2,790.42. The stock has a market capitalization of £3.97 billion, a PE ratio of 1,854.44, a price-to-earnings-growth ratio of 3.40 and a beta of 1.46. Bellway has a 52-week low of GBX 1,993 ($26.03) and a 52-week high of GBX 3,374 ($44.06). The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.50 and a current ratio of 5.78.

Wall Street Analysts Forecast Growth

BWY has been the topic of several analyst reports. Citigroup reaffirmed a “buy” rating and issued a GBX 3,368 ($43.98) price objective on shares of Bellway in a research report on Thursday, August 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Bellway in a research report on Friday, July 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 3,650 ($47.66) target price on shares of Bellway in a research report on Tuesday, June 18th.

About Bellway

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.