J D Wetherspoon plc (JDW) Announces Dividend Increase – GBX 8 Per Share
J D Wetherspoon plc (LON:JDW) announced a dividend on Friday, September 15th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 26th will be given a dividend of GBX 8 ($0.11) per share on Thursday, November 30th. This represents a yield of 0.67%. The ex-dividend date of this dividend is Thursday, October 26th. This is a boost from J D Wetherspoon plc’s previous dividend of $4.00. The official announcement can be seen at this link.
Shares of J D Wetherspoon plc (LON JDW) opened at 1241.00 on Friday. J D Wetherspoon plc has a 52-week low of GBX 810.00 and a 52-week high of GBX 1,296.00. The firm’s market cap is GBX 1.32 billion. The company’s 50-day moving average price is GBX 1,190.36 and its 200-day moving average price is GBX 1,057.10.
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In other news, insider John Hutson bought 12,126 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was acquired at an average cost of GBX 1,278 ($16.98) per share, for a total transaction of £154,970.28 ($205,913.21). Also, insider Nigel Connor sold 488 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of GBX 1,229 ($16.33), for a total transaction of £5,997.52 ($7,969.07). Insiders purchased a total of 12,160 shares of company stock valued at $15,536,442 over the last quarter.
A number of research firms have issued reports on JDW. Canaccord Genuity increased their target price on J D Wetherspoon plc from GBX 1,000 ($13.29) to GBX 1,040 ($13.82) and gave the stock a “hold” rating in a report on Thursday, July 13th. Numis Securities Ltd reiterated a “reduce” rating and set a GBX 975 ($12.96) target price on shares of J D Wetherspoon plc in a report on Monday, September 18th. Investec reiterated a “buy” rating and set a GBX 1,150 ($15.28) target price on shares of J D Wetherspoon plc in a report on Wednesday, July 12th. Barclays PLC reiterated an “overweight” rating and set a GBX 1,150 ($15.28) target price on shares of J D Wetherspoon plc in a report on Monday, September 11th. Finally, Peel Hunt cut J D Wetherspoon plc to a “reduce” rating and lowered their target price for the stock from GBX 1,000 ($13.29) to GBX 875 ($11.63) in a report on Wednesday, July 5th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. J D Wetherspoon plc has an average rating of “Hold” and an average price target of GBX 1,007.69 ($13.39).
About J D Wetherspoon plc
J D Wetherspoon plc owns and operates pubs throughout the United Kingdom and Ireland. The Company aims to provide customers with food and drinks. The Company operates a trading estate of approximately 926 pubs. The Company operates over 40 hotels and approximately 900 rooms. The Company’s hotels include George Hotel, the Shrewsbury Hotel and the Unicorn, Ripon.
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