LSL Property Services plc (LON:LSL) Raises Dividend to GBX 7.40 Per Share

LSL Property Services plc (LON:LSL) declared a dividend on Wednesday, March 26th, DividendData.Co.Uk reports. Investors of record on Thursday, May 8th will be given a dividend of GBX 7.40 ($0.10) per share on Friday, June 27th. This represents a dividend yield of 2.79%. The ex-dividend date is Thursday, May 8th. This is a 85.0% increase from LSL Property Services’s previous dividend of $4.00. The official announcement can be viewed at this link.

LSL Property Services Stock Performance

Shares of LSL opened at GBX 269.48 ($3.49) on Friday. LSL Property Services has a 52-week low of GBX 252 ($3.26) and a 52-week high of GBX 355 ($4.60). The company has a quick ratio of 1.06, a current ratio of 1.30 and a debt-to-equity ratio of 62.42. The firm has a market cap of £277.29 million, a price-to-earnings ratio of 26.04, a PEG ratio of 1.49 and a beta of 1.09. The business’s 50 day moving average is GBX 278.07 and its two-hundred day moving average is GBX 288.08.

LSL Property Services (LON:LSL) last posted its quarterly earnings results on Wednesday, March 26th. The company reported GBX 21.10 ($0.27) EPS for the quarter. LSL Property Services had a return on equity of 13.68% and a net margin of 6.74%. Analysts forecast that LSL Property Services will post 24.137931 EPS for the current fiscal year.

Insider Activity

In other LSL Property Services news, insider Adam Castleton purchased 8,725 shares of the stock in a transaction dated Thursday, January 30th. The shares were bought at an average cost of GBX 295 ($3.82) per share, with a total value of £25,738.75 ($33,323.08). Also, insider Adrian Collins acquired 20,000 shares of LSL Property Services stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average cost of GBX 276 ($3.57) per share, with a total value of £55,200 ($71,465.56). Over the last quarter, insiders bought 28,778 shares of company stock valued at $8,108,927. 15.29% of the stock is currently owned by company insiders.

About LSL Property Services

LSL Property Services plc, together with its subsidiaries, engages in the provision of business-to-business services to mortgage intermediaries and estate agency franchisees, and valuation services to lenders in the United Kingdom. The company operates through three segments: Financial Services, Surveying & Valuation, and Estate Agency Franchising.