Wynnstay Group Plc (LON:WYN) Declares Dividend Increase – GBX 11.90 Per Share

Wynnstay Group Plc (LON:WYN) declared a dividend on Tuesday, February 11th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be paid a dividend of GBX 11.90 ($0.15) per share on Wednesday, April 30th. This represents a yield of 3.87%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 112.5% increase from Wynnstay Group’s previous dividend of $5.60. The official announcement can be viewed at this link.

Wynnstay Group Stock Down 1.6 %

Shares of LON:WYN opened at GBX 300.20 ($3.88) on Tuesday. The firm has a market capitalization of £69.18 million, a PE ratio of 11.15 and a beta of 0.58. Wynnstay Group has a 1 year low of GBX 270 ($3.49) and a 1 year high of GBX 400 ($5.17). The company has a debt-to-equity ratio of 11.53, a current ratio of 2.00 and a quick ratio of 1.03. The firm’s 50-day moving average is GBX 304.96 and its two-hundred day moving average is GBX 312.60.

Wynnstay Group (LON:WYN) last announced its earnings results on Tuesday, February 11th. The company reported GBX 23.78 ($0.31) earnings per share for the quarter. Wynnstay Group had a net margin of 0.97% and a return on equity of 4.69%. Analysts predict that Wynnstay Group will post 24.9054054 EPS for the current year.

Insiders Place Their Bets

In other Wynnstay Group news, insider Stephen John Ellwood purchased 1,500 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was bought at an average cost of GBX 328 ($4.24) per share, with a total value of £4,920 ($6,357.41). Also, insider Gareth Davies sold 3,304 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of GBX 322 ($4.16), for a total value of £10,638.88 ($13,747.10). 26.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on WYN shares. Canaccord Genuity Group reduced their price objective on Wynnstay Group from GBX 470 ($6.07) to GBX 430 ($5.56) and set a “buy” rating on the stock in a research note on Thursday, February 13th. Shore Capital reaffirmed a “house stock” rating on shares of Wynnstay Group in a research report on Tuesday.

About Wynnstay Group

Wynnstay is a leading UK provider of agricultural supplies and services to farmers and rural communities, mainly in England and Wales. It manufactures and supplies a comprehensive range of agricultural inputs for both livestock and arable farmers, including feed, seed and fertiliser. Through its crop marketing arm, GrainLink, it also provides a channel for arable farmers to sell their grain, and its specialist teams provide advice on the latest farming techniques, including environmental measures, and animal health and nutrition.

Wynnstay supplies both direct-to-farm and via its extensive network of depots.