Burford Capital Limited (NYSE:BUR) Declares Semi-annual Dividend of $0.06

Burford Capital Limited (NYSE:BUR) declared a semi-annual dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Friday, May 23rd will be paid a dividend of 0.0625 per share on Friday, June 13th. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd.

Burford Capital has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Burford Capital to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 14.6%.

Burford Capital Trading Down 4.9 %

Shares of NYSE BUR traded down $0.71 during trading hours on Tuesday, reaching $13.59. The stock had a trading volume of 1,625,105 shares, compared to its average volume of 966,334. The business’s fifty day moving average price is $14.01 and its two-hundred day moving average price is $13.61. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 11.71 and a beta of 0.59. Burford Capital has a 52-week low of $12.07 and a 52-week high of $16.77. The company has a current ratio of 15.75, a quick ratio of 15.75 and a debt-to-equity ratio of 0.54.

Burford Capital (NYSE:BUR) last issued its earnings results on Monday, March 3rd. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.62). The firm had revenue of $65.69 million during the quarter, compared to analysts’ expectations of $219.38 million. Burford Capital had a return on equity of 8.07% and a net margin of 34.81%. Analysts expect that Burford Capital will post 1.28 EPS for the current fiscal year.

Insider Buying and Selling at Burford Capital

In other Burford Capital news, President Aviva O. Will sold 7,500 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total transaction of $109,575.00. Following the sale, the president now owns 310,979 shares of the company’s stock, valued at approximately $4,543,403.19. This trade represents a 2.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Perla sold 3,000 shares of Burford Capital stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $14.61, for a total value of $43,830.00. Following the completion of the transaction, the insider now owns 82,489 shares in the company, valued at $1,205,164.29. This represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,500 shares of company stock valued at $1,468,305. Company insiders own 0.19% of the company’s stock.

About Burford Capital

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.