Workspace Group Plc (WKP) to Issue Dividend of GBX 19 on August 2nd

Workspace Group Plc (LON:WKP) declared a dividend on Wednesday, June 5th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 4th will be given a dividend of GBX 19 ($0.24) per share on Friday, August 2nd. This represents a dividend yield of 3.45%. The ex-dividend date is Thursday, July 4th. This is an increase from Workspace Group’s previous dividend of $9.00. The official announcement can be viewed at this link.

Workspace Group Stock Up 0.2 %

WKP stock opened at GBX 596.34 ($7.54) on Tuesday. The firm’s fifty day moving average is GBX 549.35 and its 200 day moving average is GBX 527.61. The firm has a market cap of £1.14 billion, a PE ratio of -512.93, a P/E/G ratio of 1.54 and a beta of 1.05. Workspace Group has a one year low of GBX 449.20 ($5.68) and a one year high of GBX 617 ($7.80). The company has a debt-to-equity ratio of 56.11, a quick ratio of 0.11 and a current ratio of 1.30.

Wall Street Analyst Weigh In

WKP has been the topic of a number of analyst reports. Barclays raised their target price on Workspace Group from GBX 550 ($6.96) to GBX 595 ($7.53) and gave the company an “overweight” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. increased their target price on Workspace Group from GBX 650 ($8.22) to GBX 700 ($8.85) and gave the company an “overweight” rating in a report on Thursday, June 6th.

Insiders Place Their Bets

In other news, insider David Benson sold 19,129 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of GBX 6 ($0.08), for a total value of £1,147.74 ($1,451.73). In related news, insider Graham Clemett sold 3,597 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of GBX 590 ($7.46), for a total value of £21,222.30 ($26,843.28). Also, insider David Benson sold 19,129 shares of Workspace Group stock in a transaction on Monday, June 24th. The shares were sold at an average price of GBX 6 ($0.08), for a total value of £1,147.74 ($1,451.73). 28.97% of the stock is currently owned by corporate insiders.

About Workspace Group

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more.