Reach plc (LON:RCH) to Issue Dividend of GBX 4.46

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 of this dividend is Thursday, May 1st. This is a 54.9% increase from Reach’s previous dividend of $2.88. The official announcement can be accessed at this link.

Reach Stock Performance

LON RCH opened at GBX 78.20 ($1.05) on Tuesday. The company has a debt-to-equity ratio of 8.27, a current ratio of 0.76 and a quick ratio of 0.98. Reach has a 1-year low of GBX 63.10 ($0.85) and a 1-year high of GBX 112.80 ($1.52). The firm has a market capitalization of £246.76 million, a P/E ratio of 5.95, a P/E/G ratio of -0.37 and a beta of 1.01. The business’s 50-day simple moving average is GBX 76.55 and its 200-day simple moving average is GBX 83.60.

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 net margin of 7.49% and a return on equity of 6.35%. Equities analysts predict that Reach will post 27.2482394 EPS for the current year.

Insider Activity at Reach

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