St. Modwen Properties plc (LON:SMP) Announces GBX 3.60 Dividend

St. Modwen Properties plc (LON:SMP) announced a dividend on Tuesday, July 2nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 8th will be paid a dividend of GBX 3.60 ($0.05) per share on Wednesday, September 4th. This represents a yield of 0.84%. The ex-dividend date of this dividend is Thursday, August 8th. The official announcement can be accessed at this link.

Shares of SMP stock opened at GBX 438.56 ($5.73) on Thursday. The company has a quick ratio of 0.45, a current ratio of 1.91 and a debt-to-equity ratio of 29.91. St. Modwen Properties has a 52 week low of GBX 358 ($4.68) and a 52 week high of GBX 447.50 ($5.85). The firm has a market cap of $966.23 million and a P/E ratio of 17.20. The business’s 50 day moving average is GBX 431.74.

In related news, insider Mark Allan sold 35,964 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of GBX 418 ($5.46), for a total transaction of £150,329.52 ($196,432.14).

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of St. Modwen Properties from GBX 475 ($6.21) to GBX 490 ($6.40) and gave the company an “overweight” rating in a report on Wednesday. Liberum Capital reiterated a “buy” rating on shares of St. Modwen Properties in a report on Tuesday. Finally, Peel Hunt restated a “hold” rating on shares of St. Modwen Properties in a report on Wednesday, May 8th.

St. Modwen Properties Company Profile

St. Modwen Properties PLC invests in, develops, operates, and manages residential and commercial properties in the United Kingdom. It develops land for residential, employment, leisure, retail, and education purposes, as well as uses green infrastructure and community facilities; and industrial and logistics projects.

See Also: Cost of equity and a company’s balance sheet

Dividend History for St. Modwen Properties (LON:SMP)

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