Derwent London Plc (LON:DLN) Announces Dividend Increase – GBX 55.50 Per Share

Derwent London Plc (LON:DLN) announced a dividend on Thursday, February 27th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 24th will be given a dividend of GBX 55.50 ($0.74) per share by the real estate investment trust on Friday, May 30th. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 122.0% increase from Derwent London’s previous dividend of $25.00. The official announcement can be viewed at this link.

Derwent London Price Performance

Derwent London stock opened at GBX 1,984 ($26.55) on Tuesday. The stock’s fifty day moving average price is GBX 1,846.33 and its two-hundred day moving average price is GBX 1,985.62. The firm has a market cap of £2.22 billion, a PE ratio of -6.16, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. The company has a debt-to-equity ratio of 40.68, a current ratio of 0.51 and a quick ratio of 0.38. Derwent London has a one year low of GBX 1,665 ($22.28) and a one year high of GBX 2,530 ($33.86).

Derwent London (LON:DLN) last posted its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.43) EPS for the quarter. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%. As a group, research analysts expect that Derwent London will post 113.7351779 EPS for the current fiscal year.

Insider Buying and Selling at Derwent London

In related news, insider Damian Wisniewski acquired 2,836 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of GBX 1,749 ($23.40) per share, with a total value of £49,601.64 ($66,374.47). Company insiders own 7.98% of the company’s stock.

About Derwent London

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.