Taylor Wimpey plc (TW) Increases Dividend to GBX 9.20 Per Share
Taylor Wimpey plc (LON:TW) announced a dividend on Tuesday, February 28th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 1st will be paid a dividend of GBX 9.20 ($0.12) per share by the homebuilder on Friday, July 14th. This represents a dividend yield of 4.77%. The ex-dividend date of this dividend is Thursday, June 1st. This is an increase from Taylor Wimpey plc’s previous dividend of $2.29. The official announcement can be viewed at this link.
Shares of Taylor Wimpey plc (LON:TW) traded down 0.279799% during midday trading on Friday, hitting GBX 180.492813. The company had a trading volume of 34,328,312 shares. The stock has a 50 day moving average price of GBX 193.04 and a 200 day moving average price of GBX 179.78. Taylor Wimpey plc has a 1-year low of GBX 109.44 and a 1-year high of GBX 204.50. The firm’s market capitalization is GBX 5.88 billion.
TW has been the topic of several recent analyst reports. Peel Hunt increased their price objective on shares of Taylor Wimpey plc from GBX 210 ($2.66) to GBX 240 ($3.04) and gave the company a “buy” rating in a report on Wednesday, April 26th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 241 ($3.05) price objective on shares of Taylor Wimpey plc in a report on Thursday, May 4th. Jefferies Group LLC increased their price objective on shares of Taylor Wimpey plc from GBX 205 ($2.59) to GBX 237 ($3.00) and gave the company a “buy” rating in a report on Tuesday, April 18th. Liberum Capital reissued a “hold” rating and issued a GBX 180 ($2.28) price target on shares of Taylor Wimpey plc in a research note on Thursday, April 27th. Finally, Morgan Stanley started coverage on shares of Taylor Wimpey plc in a research note on Tuesday, March 21st. They issued an “overweight” rating and a GBX 210 ($2.66) price target on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 208.52 ($2.64).
In related news, insider Mike Hussey purchased 50,000 shares of the company’s stock in a transaction on Friday, April 28th. The stock was acquired at an average cost of GBX 200 ($2.53) per share, for a total transaction of £100,000 ($126,502.21). Also, insider James J. Jordan sold 73,890 shares of Taylor Wimpey plc stock in a transaction dated Monday, March 27th. The shares were sold at an average price of GBX 192 ($2.43), for a total transaction of £141,868.80 ($179,467.17). Insiders have acquired 55,160 shares of company stock worth $11,025,198 over the last ninety days.
Taylor Wimpey plc Company Profile
Taylor Wimpey plc is a residential developer. The Company operates at a local level from 24 regional businesses across the United Kingdom, and it has operations in Spain. Its segments include Housing United Kingdom and Housing Spain. The Housing United Kingdom segment includes North, Central and South West, and London and South East (including Central London) divisions.
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