Reach plc (LON:RCH) Raises Dividend to GBX 4.46 Per Share

Reach plc (LON:RCH) announced a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 1st will be given a dividend of GBX 4.46 ($0.06) per share on Friday, May 30th. This represents a yield of 5.85%. The ex-dividend date is Thursday, May 1st. This is a 54.9% increase from Reach’s previous dividend of $2.88. The official announcement can be viewed at this link.

Reach Stock Up 0.6 %

RCH stock opened at GBX 78.20 ($1.05) on Tuesday. The firm has a market capitalization of £246.76 million, a PE ratio of 5.95, a PEG ratio of -0.37 and a beta of 1.01. The stock has a 50-day simple moving average of GBX 76.55 and a two-hundred day simple moving average of GBX 83.60. The company has a quick ratio of 0.98, a current ratio of 0.76 and a debt-to-equity ratio of 8.27. Reach has a twelve month low of GBX 63.10 ($0.85) and a twelve month high of GBX 112.80 ($1.52).

Reach (LON:RCH) last announced its quarterly earnings results on Tuesday, March 4th. The company reported GBX 25.30 ($0.34) earnings per share for the quarter. Reach had a return on equity of 6.35% and a net margin of 7.49%. On average, equities analysts predict that Reach will post 27.2482394 EPS for the current fiscal year.

Insider Buying and Selling

In other Reach news, insider Darren Fisher sold 84,119 shares of the firm’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of GBX 68 ($0.91), for a total value of £57,200.92 ($76,851.97). 5.21% of the stock is owned by company insiders.

Reach Company Profile

Reach plc is the UK’s and Ireland’s largest commercial news publisher. It is home to over 120 trusted brands, from national titles like the Mirror, Express, Daily Record and Daily Star, to local brands like MyLondon, BelfastLive and the Manchester Evening News.

With a purpose to enlighten, empower and entertain through brilliant journalism, these brands deliver the latest news, entertainment and sport to communities throughout the UK and Ireland and around the world every day.