Law Debenture Co. (LON:LWDB) Raises Dividend to GBX 9.50 Per Share

Law Debenture Co. (LON:LWDB) declared a dividend on Wednesday, March 12th, DividendData.Co.Uk reports. Investors of record on Thursday, March 20th will be paid a dividend of GBX 9.50 ($0.12) per share by the investment trust on Wednesday, April 16th. This represents a yield of 1.04%. The ex-dividend date of this dividend is Thursday, March 20th. This is a 18.8% increase from Law Debenture’s previous dividend of $8.00. The official announcement can be viewed at this link.

Law Debenture Stock Performance

LWDB stock traded up GBX 7.88 ($0.10) during trading on Tuesday, reaching GBX 910.88 ($11.83). 330,311 shares of the company’s stock were exchanged, compared to its average volume of 236,763. The company has a quick ratio of 3.21, a current ratio of 3.01 and a debt-to-equity ratio of 18.53. Law Debenture has a 1-year low of GBX 766 ($9.95) and a 1-year high of GBX 929 ($12.07). The company’s fifty day moving average price is GBX 900.50 and its 200-day moving average price is GBX 891.81. The firm has a market cap of £1.20 billion, a PE ratio of 8.48 and a beta of 0.93.

Law Debenture (LON:LWDB) last announced its quarterly earnings results on Wednesday, March 12th. The investment trust reported GBX 33.48 ($0.43) earnings per share (EPS) for the quarter. Law Debenture had a return on equity of 15.91% and a net margin of 69.85%.

Law Debenture Company Profile

LawDeb is a rare proposition; an investment trust with an independent professional services business. Our goal is to achieve long term capital growth in real terms and steadily increasing income.