Breedon Group plc (LON:BREE) Declares Dividend Increase – GBX 10 Per Share

Breedon Group plc (LON:BREE) declared a dividend on Wednesday, March 5th, DividendData.Co.Uk reports. Investors of record on Thursday, April 3rd will be paid a dividend of GBX 10 ($0.13) per share on Friday, May 16th. This represents a yield of 2.09%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a 122.2% increase from Breedon Group’s previous dividend of $4.50. The official announcement can be seen at this link.

Breedon Group Stock Performance

LON BREE opened at GBX 449.20 ($5.80) on Tuesday. The company’s 50 day simple moving average is GBX 451.02 and its two-hundred day simple moving average is GBX 442.10. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12. Breedon Group has a 1 year low of GBX 356 ($4.60) and a 1 year high of GBX 501 ($6.47). The stock has a market capitalization of £1.55 billion, a PE ratio of 16.08, a P/E/G ratio of 1.56 and a beta of 1.29.

Breedon Group (LON:BREE) last released its quarterly earnings results on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share for the quarter. Breedon Group had a net margin of 6.34% and a return on equity of 8.58%. Analysts predict that Breedon Group will post 36.8586859 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price target on Breedon Group from GBX 540 ($6.98) to GBX 590 ($7.62) and gave the company a “buy” rating in a research report on Thursday, March 6th.

Breedon Group Company Profile

Breedon Group plc, a leading vertically-integrated construction materials group in Great Britain, Ireland and the USA, delivers essential products to the construction sector. Breedon holds 1.5bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services, including specialty materials, surfacing and highway maintenance operations, to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants.