Begbies Traynor Group plc (LON:BEG)’s stock price reached a new 52-week high during trading on Wednesday after the company announced a dividend. The company traded as high as GBX 78.96 ($1.03) and last traded at GBX 77 ($1.01), with a volume of 79156 shares. The stock had previously closed at GBX 76.50 ($1.00).
The newly announced dividend which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 10th will be paid a dividend of GBX 1.80 ($0.02) per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a dividend yield of 2.35%. This is a boost from Begbies Traynor Group’s previous dividend of $0.80. Begbies Traynor Group’s dividend payout ratio is currently 3.00%.
A number of brokerages have recently issued reports on BEG. Shore Capital reiterated a “buy” rating and set a GBX 5,750 ($75.13) price objective on shares of Whitbread in a research note on Tuesday, May 7th. Canaccord Genuity reiterated a “buy” rating and set a $7.50 price objective on shares of in a research note on Tuesday.
In related news, insider John M. May acquired 32,462 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were bought at an average price of GBX 77 ($1.01) per share, for a total transaction of £24,995.74 ($32,661.36).
Begbies Traynor Group Company Profile (LON:BEG)
Begbies Traynor Group plc provides various professional services to businesses, professional advisors, other stakeholders, and investors and financial institutions in the United Kingdom. The company operates in two segments, Business Recovery and Advisory Services; and Property Services. It offers business rescue options, advisory options, closure options, forensic accounting and technology, investigations, corporate and commercial finance, and personal insolvency solutions to accountants, asset based lenders, banks, creditors, and solicitors, as well as directors and business owners.
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