Burford Capital Limited (NYSE:BUR) Plans $0.06 Semi-Annual Dividend

Burford Capital Limited (NYSE:BUR) announced a Semi-Annual dividend on Thursday, August 8th, Zacks reports. Investors of record on Friday, November 1st will be given a dividend of 0.063 per share on Thursday, December 5th. This represents a yield of 2%. The ex-dividend date is Friday, November 1st.

Burford Capital has a dividend payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Burford Capital to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 14.3%.

Burford Capital Price Performance

BUR stock opened at $13.73 on Thursday. The firm has a 50 day moving average of $13.33 and a 200-day moving average of $13.74. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 7.76 and a beta of 0.53. The company has a current ratio of 11.01, a quick ratio of 11.01 and a debt-to-equity ratio of 0.55. Burford Capital has a 12-month low of $12.07 and a 12-month high of $16.77.

Burford Capital (NYSE:BUR) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.10). The firm had revenue of $159.65 million during the quarter, compared to analysts’ expectations of $153.00 million. Burford Capital had a net margin of 45.81% and a return on equity of 12.58%. As a group, equities analysts expect that Burford Capital will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on BUR. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Burford Capital in a research report on Friday, September 6th. They issued a “buy” rating and a $18.00 price objective on the stock. Wedbush reaffirmed an “outperform” rating and issued a $18.00 price target on shares of Burford Capital in a report on Friday, August 9th.

Burford Capital Company Profile

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.