SEGRO plc (LON:SGRO) Raises Dividend to GBX 14.40 Per Share

SEGRO plc (LON:SGRO) announced a dividend on Friday, February 14th, Upcoming.Co.Uk reports. Investors of record on Thursday, March 19th will be paid a dividend of GBX 14.40 ($0.19) per share by the real estate investment trust on Friday, May 1st. This represents a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, March 19th. This is a positive change from SEGRO’s previous dividend of $6.30. The official announcement can be accessed at this link.

SEGRO stock traded up GBX 13.60 ($0.18) during mid-day trading on Friday, reaching GBX 935 ($12.30). The company’s stock had a trading volume of 2,590,232 shares, compared to its average volume of 2,670,000. The company has a market capitalization of $10.06 billion and a price-to-earnings ratio of 10.85. SEGRO has a 12 month low of GBX 634.40 ($8.35) and a 12 month high of GBX 926 ($12.18). The business’s 50 day simple moving average is GBX 898.60 and its 200 day simple moving average is GBX 835.58. The company has a debt-to-equity ratio of 28.31, a quick ratio of 0.93 and a current ratio of 0.96.

In other news, insider Susan (Sue) Clayton bought 7,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of GBX 860 ($11.31) per share, for a total transaction of £60,200 ($79,189.69).

SGRO has been the subject of a number of analyst reports. Deutsche Bank reissued a “buy” rating on shares of SEGRO in a research report on Thursday, October 17th. Liberum Capital lifted their price objective on shares of SEGRO from GBX 850 ($11.18) to GBX 990 ($13.02) and gave the company a “buy” rating in a research report on Monday, January 27th. HSBC downgraded shares of SEGRO to a “hold” rating and lifted their price objective for the company from GBX 840 ($11.05) to GBX 869 ($11.43) in a research report on Friday, December 20th. Jefferies Financial Group lifted their price objective on shares of SEGRO from GBX 825 ($10.85) to GBX 900 ($11.84) and gave the company a “hold” rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of SEGRO from GBX 775 ($10.19) to GBX 855 ($11.25) and gave the company a “neutral” rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 872 ($11.47).

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 7 million square metres of space (75 million square feet) valued at £11 billion serving customers from a wide range of industry sectors.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Dividend History for SEGRO (LON:SGRO)

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