Restore plc (LON:RST) Announces Dividend Increase – GBX 3.80 Per Share

Restore plc (LON:RST) announced a dividend on Thursday, March 13th, DividendData.Co.Uk reports. Stockholders of record on Thursday, June 12th will be paid a dividend of GBX 3.80 ($0.05) per share on Friday, July 18th. This represents a dividend yield of 1.58%. The ex-dividend date is Thursday, June 12th. This is a 90.0% increase from Restore’s previous dividend of $2.00. The official announcement can be accessed at this link.

Restore Stock Performance

Shares of Restore stock opened at GBX 253.95 ($3.44) on Tuesday. The company has a 50 day moving average of GBX 238.44 and a 200-day moving average of GBX 234.79. Restore has a 1-year low of GBX 207 ($2.81) and a 1-year high of GBX 290 ($3.93). The company has a current ratio of 1.07, a quick ratio of 1.28 and a debt-to-equity ratio of 100.35. The company has a market cap of £341.00 million, a PE ratio of 89.34, a price-to-earnings-growth ratio of 0.41 and a beta of 0.57.

Restore (LON:RST) last issued its quarterly earnings results on Thursday, March 13th. The company reported GBX 19 ($0.26) earnings per share for the quarter. Restore had a net margin of 1.37% and a return on equity of 1.64%. As a group, equities research analysts forecast that Restore will post 20.4953032 earnings per share for the current fiscal year.

Insider Activity at Restore

In related news, insider Dan Baker acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average price of GBX 249 ($3.37) per share, with a total value of £2,490 ($3,374.44). Also, insider Charles Skinner purchased 44,438 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of GBX 225 ($3.05) per share, with a total value of £99,985.50 ($135,500.07). 15.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their price target on shares of Restore from GBX 380 ($5.15) to GBX 400 ($5.42) and gave the stock a “buy” rating in a report on Thursday, March 13th.

About Restore

Restore plc, together with its subsidiaries, provides services to offices and workplaces in the public and private sectors primarily in the United Kingdom. The company operates through two segments, Digital & Information Management, and Secure Lifecycle Services. The company provides document management and recycling; document storage and retrieval; physical, seasonal, and on-site document scanning and IT; relocation; document collection and destruction services; data destruction and recycling of all types of IT assets, such as laptops, servers, and network equipment; recycling electrical waste; software imaging, physical installation, and asset tagging; and hardware and software upgrades and decommissioning solutions through repurposing, recycling, or destruction.