British Land Company PLC (LON:BLND) Increases Dividend to GBX 7.98 Per Share
British Land Company PLC (LON:BLND) announced a dividend on Friday, July 19th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 7.98 ($0.10) per share on Friday, November 8th. This represents a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, October 3rd. This is a boost from British Land’s previous dividend of $7.75. The official announcement can be seen at this link.
Shares of LON:BLND traded up GBX 0.60 ($0.01) during midday trading on Friday, hitting GBX 537.80 ($7.03). 2,115,809 shares of the company’s stock were exchanged, compared to its average volume of 3,540,000. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 37.44. The business’s 50 day moving average price is GBX 540.28. The stock has a market cap of $5.05 billion and a P/E ratio of -17.93. British Land has a 12 month low of GBX 520 ($6.79) and a 12 month high of GBX 664 ($8.68).
In other news, insider Simon Carter purchased 7,774 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of GBX 535 ($6.99) per share, with a total value of £41,590.90 ($54,345.88). Also, insider Tim Score purchased 2,579 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were purchased at an average cost of GBX 552 ($7.21) per share, with a total value of £14,236.08 ($18,601.96). Insiders bought a total of 10,407 shares of company stock valued at $5,612,614 in the last ninety days.
About British Land
Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £16.8bn (British Land share: £12.9bn) as at 30 September 2018 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.
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