Burford Capital Limited (NYSE:BUR) to Issue Dividend of $0.06

Burford Capital Limited (NYSE:BUR) announced a dividend on Wednesday, February 25th. Investors of record on Friday, May 22nd will be paid a dividend of 0.0625 per share on Friday, June 12th. This represents a yield of 147.0%. The ex-dividend date of this dividend is Friday, May 22nd.

Burford Capital has a payout ratio of 6.6% indicating that 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 $0.12 annual dividend with an expected future payout ratio of 7.0%.

Burford Capital Stock Performance

NYSE BUR traded down $1.07 during trading on Thursday, hitting $8.51. 3,847,451 shares of the company’s stock traded hands, compared to its average volume of 1,517,621. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 0.17 and a beta of 0.58. Burford Capital has a 12-month low of $8.12 and a 12-month high of $15.73. The company has a debt-to-equity ratio of 0.67, a quick ratio of 14.99 and a current ratio of 14.99. The business has a 50 day moving average of $9.39 and a 200-day moving average of $10.56.

About Burford Capital

Burford Capital (NYSE: BUR) is a leading global finance firm that specializes in litigation and arbitration funding, risk management, and asset recovery. The company provides capital to law firms and corporate clients to finance legal fees and associated costs in commercial disputes. In exchange for funding, Burford shares in any awards or settlements, enabling clients to pursue meritorious claims without bearing upfront legal expenses.

Founded in 2009 by Christopher Bogart, Burford was among the first firms to establish a dedicated litigation finance business.