Balfour Beatty plc (BBY) Increases Dividend to GBX 3.20 Per Share

Balfour Beatty plc (LON:BBY) announced a dividend on Wednesday, March 13th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 16th will be given a dividend of GBX 3.20 ($0.04) per share on Friday, July 5th. This represents a yield of 1.12%. The ex-dividend date is Thursday, May 16th. This is a positive change from Balfour Beatty’s previous dividend of $1.60. The official announcement can be accessed at this link.

Balfour Beatty stock opened at GBX 287.30 ($3.75) on Thursday. The company has a debt-to-equity ratio of 82.42, a quick ratio of 0.88 and a current ratio of 0.92. Balfour Beatty has a 12 month low of GBX 230.60 ($3.01) and a 12 month high of GBX 318.60 ($4.16). The firm has a market capitalization of $1.96 billion and a price-to-earnings ratio of 9.18.

BBY has been the subject of a number of research reports. Liberum Capital reiterated a “buy” rating on shares of Balfour Beatty in a research report on Tuesday, December 4th. Peel Hunt reiterated a “buy” rating on shares of Balfour Beatty in a research report on Friday, December 14th. UBS Group reiterated a “buy” rating on shares of Balfour Beatty in a research report on Wednesday, January 2nd. Berenberg Bank reduced their price objective on Balfour Beatty from GBX 360 ($4.70) to GBX 350 ($4.57) and set a “buy” rating for the company in a research report on Monday, January 28th. Finally, Numis Securities reiterated a “buy” rating and set a GBX 350 ($4.57) price objective on shares of Balfour Beatty in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 345 ($4.51).

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Balfour Beatty Company Profile

Balfour Beatty plc finances, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through Construction Services, Support Services, and Infrastructure Investments segments. The Construction Services segment provides civil engineering, building, ground engineering, mechanical and electrical installation, refurbishment and fit-out, and rail engineering services.

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Dividend History for Balfour Beatty (LON:BBY)

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