Bellway plc (BWY) Announces Dividend Increase – GBX 84.50 Per Share
Bellway plc (LON:BWY) announced a dividend on Tuesday, October 17th, Upcoming.Co.Uk reports. Investors of record on Thursday, November 30th will be paid a dividend of GBX 84.50 ($1.12) per share on Wednesday, January 10th. This represents a yield of 2.37%. The ex-dividend date is Thursday, November 30th. This is a boost from Bellway plc’s previous dividend of $37.50. The official announcement can be seen at this link.
Shares of Bellway plc (LON BWY) opened at 3672.00 on Wednesday. The stock’s market capitalization is GBX 4.50 billion. Bellway plc has a one year low of GBX 2,235.00 and a one year high of GBX 3,673.00. The company’s 50-day moving average is GBX 3,225.92 and its 200-day moving average is GBX 3,028.67.
Several equities analysts have issued reports on BWY shares. Jefferies Group LLC boosted their price objective on shares of Bellway plc from GBX 3,447 ($45.80) to GBX 3,934 ($52.27) and gave the company a “buy” rating in a research note on Monday, June 26th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,976 ($39.54) price objective on shares of Bellway plc in a research note on Friday, June 30th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 3,400 ($45.18) price objective on shares of Bellway plc in a research note on Friday, July 7th. Barclays PLC boosted their price objective on shares of Bellway plc from GBX 3,201 ($42.53) to GBX 3,631 ($48.25) and gave the company an “overweight” rating in a research note on Thursday, July 13th. Finally, Liberum Capital boosted their price objective on shares of Bellway plc from GBX 3,032 ($40.29) to GBX 3,336 ($44.33) and gave the company a “buy” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Bellway plc presently has a consensus rating of “Buy” and a consensus target price of GBX 3,414 ($45.36).
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About Bellway plc
Bellway p.l.c is a holding company of the Bellway Group of companies. The Company is engaged in the building and selling of homes, ranging from one-bedroom apartments up to five-bedroom family homes, as well as providing social housing-to-housing associations. It focuses on providing traditional family housing outside of London and apartments within the London boroughs, in zone 2 and beyond.
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