St. Modwen Properties plc (SMP) Declares Dividend Increase – GBX 4.26 Per Share
St. Modwen Properties plc (LON:SMP) announced a dividend on Tuesday, February 6th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, March 8th will be paid a dividend of GBX 4.26 ($0.06) per share on Wednesday, April 4th. This represents a dividend yield of 1.06%. The ex-dividend date is Thursday, March 8th. This is a boost from St. Modwen Properties’s previous dividend of $2.02. The official announcement can be seen at this link.
Shares of St. Modwen Properties (LON SMP) traded down GBX 7.40 ($0.10) during mid-day trading on Friday, hitting GBX 369.20 ($5.10). The stock had a trading volume of 269,144 shares, compared to its average volume of 333,878. St. Modwen Properties has a 1 year low of GBX 304.80 ($4.21) and a 1 year high of GBX 429.40 ($5.93). The company has a market capitalization of $821.02 and a PE ratio of 1,367.41.
Several equities research analysts have recently issued reports on SMP shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 410 ($5.66) target price on shares of St. Modwen Properties in a report on Tuesday, November 28th. Peel Hunt reissued a “buy” rating and set a GBX 375 ($5.18) price objective on shares of St. Modwen Properties in a research note on Tuesday, December 5th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 400 ($5.53) price objective on shares of St. Modwen Properties in a research note on Thursday, December 7th.
St. Modwen Properties Company Profile
St. Modwen Properties PLC is a United Kingdom-based regeneration specialist. The Company operates in property industry from a network of regional offices, a residential business and through joint ventures with public sector and industry partners. Its segments include Portfolio and Residential development.
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