British Land Company PLC (BLND) to Issue Dividend of GBX 12.24 on January 15th

Posted by Jessica Moore on Nov 22nd, 2024

British Land Company PLC (LON:BLND – Get Free Report) declared a dividend on Wednesday, November 20th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, December 5th will be paid a dividend of GBX 12.24 ($0.15) per share on Wednesday, January 15th. This represents a yield of 3.18%. The ex-dividend date is Thursday, December 5th. This is a boost from British Land’s previous dividend of $10.64. The official announcement can be seen at this link.

British Land Stock Performance

LON:BLND opened at GBX 384.60 ($4.84) on Friday. British Land has a 1-year low of GBX 340 ($4.28) and a 1-year high of GBX 467.80 ($5.89). The firm has a market cap of £3.84 billion, a PE ratio of -335.97, a P/E/G ratio of 6.76 and a beta of 1.55. The firm has a 50 day simple moving average of GBX 421.35 and a 200-day simple moving average of GBX 413.69. The company has a debt-to-equity ratio of 45.09, a current ratio of 0.59 and a quick ratio of 0.25.

Insider Activity

In other news, insider Mark Aedy bought 2,120 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was acquired at an average price of GBX 436 ($5.49) per share, for a total transaction of £9,243.20 ($11,636.91). Over the last ninety days, insiders have bought 2,228 shares of company stock worth $969,349. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup restated a “neutral” rating on shares of British Land in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 455 ($5.73).

Read Our Latest Stock Report on BLND

About British Land

(Get Free Report)

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.