Redrow plc (RDW) Raises Dividend to GBX 11 Per Share
Redrow plc (LON:RDW) declared a dividend on Tuesday, September 5th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 21st will be paid a dividend of GBX 11 ($0.14) per share on Tuesday, November 14th. This represents a yield of 1.74%. The ex-dividend date is Thursday, September 21st. This is a boost from Redrow plc’s previous dividend of $6.00. The official announcement can be seen at this link.
Shares of Redrow plc (LON RDW) traded down 0.72% on Friday, reaching GBX 548.50. 1,593,837 shares of the company’s stock traded hands. The company’s 50-day moving average price is GBX 596.82 and its 200 day moving average price is GBX 558.15. The firm’s market cap is GBX 1.98 billion. Redrow plc has a one year low of GBX 366.50 and a one year high of GBX 666.00.
In other Redrow plc news, insider Graham Cope sold 6,666 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of GBX 585 ($7.56), for a total value of £38,996.10 ($50,363.04). Also, insider John F. Tutte sold 89,447 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of GBX 627 ($8.10), for a total transaction of £560,832.69 ($724,309.30). In the last quarter, insiders sold 13,046,113 shares of company stock worth $7,700,482,879.
Several research analysts have commented on the stock. Liberum Capital raised their price target on shares of Redrow plc from GBX 561 ($7.25) to GBX 601 ($7.76) and gave the company a “buy” rating in a report on Wednesday, July 19th. Deutsche Bank AG lifted their price objective on shares of Redrow plc from GBX 549 ($7.09) to GBX 668 ($8.63) and gave the stock a “hold” rating in a report on Thursday, September 7th. Peel Hunt reaffirmed a “buy” rating and set a GBX 740 ($9.56) price objective on shares of Redrow plc in a report on Tuesday. Barclays PLC lifted their price objective on shares of Redrow plc from GBX 558 ($7.21) to GBX 630 ($8.14) and gave the stock an “overweight” rating in a report on Thursday, July 13th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Redrow plc in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 637.17 ($8.23).
About Redrow plc
Redrow PLC is engaged in residential housing development. The Company is engaged in constructing homes throughout England and Wales. The Company’s operations are focused on housebuilding. Its product range is focused on traditional family housing in its regional businesses and apartment schemes in Greater London.
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