Derwent London Plc (LON:DLN) Raises Dividend to GBX 55 Per Share

Derwent London Plc (LON:DLN) declared a dividend on Wednesday, February 28th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 25th will be paid a dividend of GBX 55 ($0.68) per share by the real estate investment trust on Friday, May 31st. This represents a yield of 2.87%. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Derwent London’s previous dividend of $24.50. The official announcement can be viewed at this link.

Derwent London Stock Performance

Shares of DLN stock opened at GBX 2,082 ($25.72) on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.74 and a debt-to-equity ratio of 39.06. Derwent London has a 52 week low of GBX 1,766 ($21.81) and a 52 week high of GBX 2,452 ($30.29). The stock has a market capitalization of £2.34 billion, a PE ratio of -487.74, a P/E/G ratio of 23.10 and a beta of 0.92. The firm has a 50 day moving average of GBX 2,051.80 and a two-hundred day moving average of GBX 2,089.51.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,512 ($31.03) price objective on shares of Derwent London in a research report on Friday, February 9th.

Derwent London Company Profile

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.