Bellway plc (BWY) Announces Dividend of GBX 84.50
Bellway plc (LON:BWY) announced a dividend on Tuesday, October 17th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 30th will be paid a dividend of GBX 84.50 ($1.12) per share on Wednesday, January 10th. This represents a dividend yield of 2.37%. The ex-dividend date is Thursday, November 30th. This is an increase from Bellway plc’s previous dividend of $37.50. The official announcement can be viewed at this link.
Shares of Bellway plc (LON:BWY) traded up 1.88% during mid-day trading on Tuesday, hitting GBX 3569.00. The stock had a trading volume of 829,039 shares. Bellway plc has a 52 week low of GBX 2,235.00 and a 52 week high of GBX 3,596.00. The stock has a 50-day moving average price of GBX 3,225.92 and a 200 day moving average price of GBX 3,028.67. The stock’s market cap is GBX 4.37 billion.
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BWY has been the topic of several research reports. Deutsche Bank AG restated a “hold” rating and issued a GBX 3,090 ($41.06) target price on shares of Bellway plc in a research report on Friday, September 1st. Peel Hunt lifted their price objective on Bellway plc from GBX 3,435 ($45.64) to GBX 3,545 ($47.10) and gave the stock an “add” rating in a research report on Wednesday, September 27th. Liberum Capital reiterated a “buy” rating on shares of Bellway plc in a research report on Tuesday, August 8th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 2,976 ($39.54) price objective on shares of Bellway plc in a research report on Friday, June 30th. Finally, Bank of America Corporation reissued an “underperform” rating and set a GBX 2,500 ($33.22) target price on shares of Bellway plc in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 3,378.42 ($44.89).
Bellway plc Company Profile
Bellway p.l.c is a holding company of the Bellway Group of companies. The Company is engaged in the building and selling of homes, ranging from one-bedroom apartments up to five-bedroom family homes, as well as providing social housing-to-housing associations. It focuses on providing traditional family housing outside of London and apartments within the London boroughs, in zone 2 and beyond.
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