Springfield Properties (LON:SPR) Sets New 1-Year High After Dividend Announcement

Springfield Properties PLC (LON:SPR) reached a new 52-week high on Wednesday after the company announced a dividend. The company traded as high as GBX 109 ($1.44) and last traded at GBX 108 ($1.43), with a volume of 320753 shares traded. The stock had previously closed at GBX 105 ($1.39).

The newly announced dividend which will be paid on Thursday, December 12th. Investors of record on Thursday, November 7th will be given a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a dividend yield of 0.96%. Springfield Properties’s dividend payout ratio is presently 8,571.43%.

Springfield Properties Trading Up 2.9 %

The company has a debt-to-equity ratio of 69.40, a quick ratio of 0.48 and a current ratio of 7.00. The business has a fifty day simple moving average of GBX 100.80 and a 200 day simple moving average of GBX 96.86. The stock has a market cap of £128.25 million, a price-to-earnings ratio of 1,542.86 and a beta of 1.42.

Insiders Place Their Bets

In other Springfield Properties news, insider Sandy Adam sold 125,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of GBX 94 ($1.24), for a total value of £117,500 ($155,217.97). 36.20% of the stock is owned by corporate insiders.

About Springfield Properties

Springfield Properties PLC, together with its subsidiaries, engages in the house building business in the United Kingdom. The company offers in private, contract, and affordable housing. It is also involved in hiring plants and machineries, property development, buying and selling real estate, manufacturing timber kit, and management services.