Barratt Developments plc (LON:BDEV) Increases Dividend to GBX 11.80 Per Share

Barratt Developments plc (LON:BDEVGet Free Report) declared a dividend on Wednesday, September 4th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 26th will be given a dividend of GBX 11.80 ($0.16) per share by the real estate development company on Friday, November 1st. This represents a yield of 2.27%. The ex-dividend date is Thursday, September 26th. This is a boost from Barratt Developments’s previous dividend of $4.40. The official announcement can be seen at this link.

Barratt Developments Trading Down 3.0 %

BDEV opened at GBX 504.60 ($6.64) on Wednesday. Barratt Developments has a 52 week low of GBX 384.15 ($5.05) and a 52 week high of GBX 582.60 ($7.66). The stock’s fifty day moving average is GBX 512.37 and its two-hundred day moving average is GBX 491.05. The company has a market capitalization of £7.32 billion, a P/E ratio of 2,212.17, a PEG ratio of 9.09 and a beta of 1.63. The company has a quick ratio of 0.93, a current ratio of 4.92 and a debt-to-equity ratio of 4.52.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Barratt Developments from GBX 550 ($7.23) to GBX 575 ($7.56) and gave the company a “sector perform” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 560 ($7.36) price target on shares of Barratt Developments in a research report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 540.40 ($7.11).

Check Out Our Latest Report on BDEV

Insider Activity at Barratt Developments

In related news, insider Steven J. Boyes sold 118 shares of Barratt Developments stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of GBX 483 ($6.35), for a total value of £569.94 ($749.43). 1.51% of the stock is owned by company insiders.

Barratt Developments Company Profile

(Get Free Report)

Barratt Developments plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.

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Dividend History for Barratt Developments (LON:BDEV)

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