Reach (LON:RCH) Shares Down 3.4%

Reach plc (LON:RCH) shares fell 3.4% during mid-day trading on Tuesday . The stock traded as low as GBX 68.50 ($0.85) and last traded at GBX 68.90 ($0.86). 629,886 shares traded hands during trading, a decline of 12% from the average session volume of 716,089 shares. The stock had previously closed at GBX 71.30 ($0.89).

Reach Stock Down 3.4 %

The company has a market cap of £219.09 million, a P/E ratio of 984.29, a PEG ratio of -0.37 and a beta of 0.92. The stock has a 50-day moving average of GBX 69.65 and a 200 day moving average of GBX 71.63. The company has a debt-to-equity ratio of 9.92, a current ratio of 0.86 and a quick ratio of 0.98.

Reach Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 9th will be given a dividend of GBX 4.46 ($0.06) per share. This represents a yield of 7.5%. The ex-dividend date is Thursday, May 9th. This is an increase from Reach’s previous dividend of $2.88. Reach’s dividend payout ratio is currently 10,000.00%.

Reach Company Profile

Reach plc operates as a national and regional commercial news publisher in the United Kingdom and Ireland. The company has various national and regional brands across print and online, including Mirror, Express, Daily Star, Daily Record, Manchester Evening News, Liverpool Echo, Irish Star, OK! magazine, WalesOnline, MyLondon, and Curiously, as well as HullLive, edinburghlive, LeicestershireLive, CorkBeo, ChronicleLive, ECHO, TeessideLive, DevonLive, YorkshireLive, football.london, BirminghamLive, new, BristolLive, and Belfastlive.