Bellway p.l.c. (LON:BWY) Declares Dividend of GBX 95

Bellway p.l.c. (LON:BWY) announced a dividend on Tuesday, March 25th, Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, April 3rd will be paid a dividend of GBX 95 ($1.23) per share on Tuesday, April 8th. This represents a yield of 2.55%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a 150.0% increase from Bellway’s previous dividend of $38.00. The official announcement can be viewed at this link.

Bellway Stock Performance

LON BWY opened at GBX 2,388 ($30.85) on Tuesday. Bellway has a twelve month low of GBX 2,156 ($27.86) and a twelve month high of GBX 3,384 ($43.72). The company has a quick ratio of 0.50, a current ratio of 5.26 and a debt-to-equity ratio of 3.75. The stock has a market cap of £2.81 billion, a P/E ratio of 21.69, a PEG ratio of 3.40 and a beta of 1.46. The company’s 50-day simple moving average is GBX 2,407.31 and its 200 day simple moving average is GBX 2,608.26.

Bellway (LON:BWY) last released its quarterly earnings data on Tuesday, March 25th. The company reported GBX 90.30 ($1.17) earnings per share for the quarter. Bellway had a return on equity of 3.78% and a net margin of 5.48%. As a group, research analysts forecast that Bellway will post 159.0741715 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upgraded shares of Bellway to an “overweight” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 3,204.20 ($41.40).

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.