British Land Company PLC (LON:BLND) Announces Dividend of GBX 12.24

British Land Company PLC (LON:BLND) 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 an increase from British Land’s previous dividend of $10.64. The official announcement can be viewed at this link.

British Land Price Performance

Shares of BLND opened at GBX 384.60 ($4.84) on Friday. The business has a 50-day moving average of GBX 421.35 and a 200-day 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. British Land has a 1 year low of GBX 340 ($4.28) and a 1 year high of GBX 467.80 ($5.89). The company has a market capitalization of £3.84 billion, a price-to-earnings ratio of -335.97, a price-to-earnings-growth ratio of 6.76 and a beta of 1.55.

Insider Activity at British Land

In other news, insider Mark Aedy purchased 2,120 shares of British Land stock in a transaction dated Tuesday, October 8th. The stock was purchased at an average cost of GBX 436 ($5.49) per share, for a total transaction of £9,243.20 ($11,636.91). In the last three months, insiders have purchased 2,228 shares of company stock worth $969,349. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, British Land presently has a consensus rating of “Hold” and a consensus price target of GBX 455 ($5.73).

British Land Company Profile

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.