Restore (RST) Trading 6.7% Higher Following Dividend Announcement
Restore PLC (LON:RST) shares traded up 6.7% during mid-day trading on Monday after the company announced a dividend. The stock traded as high as GBX 284.40 ($3.72) and last traded at GBX 283.76 ($3.71). 159,199 shares traded hands during trading, an increase of 2% from the average session volume of 155,396 shares. The stock had previously closed at GBX 266 ($3.48).
The newly announced dividend which will be paid on Friday, July 5th. Investors of record on Thursday, June 6th will be paid a GBX 4 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, June 6th. This is an increase from Restore’s previous dividend of $2.00. This represents a dividend yield of 1.36%. Restore’s dividend payout ratio is 0.31%.
Several equities analysts recently commented on the stock. Peel Hunt restated a “buy” rating on shares of Restore in a research note on Monday. Berenberg Bank restated a “buy” rating and issued a GBX 515 ($6.73) price target on shares of Restore in a research note on Monday. Finally, Liberum Capital restated a “buy” rating on shares of Restore in a research note on Monday.
In other news, insider Sharon Baylay acquired 1,750 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average price of GBX 289 ($3.78) per share, with a total value of £5,057.50 ($6,608.52). Also, insider Charles Skinner acquired 54,500 shares of the business’s stock in a transaction that occurred on Monday, January 14th. The shares were purchased at an average cost of GBX 337 ($4.40) per share, with a total value of £183,665 ($239,990.85).
Restore Company Profile (LON:RST)
Restore plc, together with its subsidiaries, operates as a support services company primarily in the United Kingdom. The company operates through two segments, Document Management and Relocation. The Document Management segment stores and retrieves hard copy documents stored in cardboard boxes; manages archive boxes of document files, magnetic data, films, and other materials for blue-chip organizations; and offers reorganization of customer documents, document restoration, file-tracking, and electronic data back-up services, as well as offers cloud storage that allows access to indexed records.
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