Franchise Brands (LON:FRAN) Stock Price Down 11%

Shares of Franchise Brands plc (LON:FRAN) were down 11% during trading on Thursday . The stock traded as low as GBX 152 ($1.93) and last traded at GBX 152.60 ($1.94). Approximately 148,115 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 183,823 shares. The stock had previously closed at GBX 171.50 ($2.18).

Franchise Brands Stock Performance

The company’s fifty day moving average price is GBX 188.12 and its 200 day moving average price is GBX 174.42. The company has a market cap of £296.48 million, a PE ratio of 5,116.67 and a beta of 0.76. The company has a debt-to-equity ratio of 51.04, a current ratio of 0.77 and a quick ratio of 1.57.

Franchise Brands Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, June 27th will be given a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date is Thursday, June 27th. This represents a yield of 0.63%. This is a positive change from Franchise Brands’s previous dividend of $1.00. Franchise Brands’s dividend payout ratio is presently 6,666.67%.

About Franchise Brands

Franchise Brands plc, through its subsidiaries, engages in franchising and related activities in the United Kingdom and internationally. The company operates through B2B, Filta International, B2C, and Azura segments. It offers drain clearance solutions to commercial customers, including facilities management, construction, manufacturing, education, retail, insurance, water utilities, and public sectors under the Metro Rod name; emergency plumbing services under the Metro Plumb name; fryer management and grease, drain management, and cooking oil filtration services to restaurants, supermarkets, stadiums, healthcare, education, hotels, and amusement parks under the Filta name; and designs, installs, and services adoptable and non-adoptable pump stations under the Willow Pumps name.