Warpaint London (LON:W7L) Trading Up 10.3% Following Dividend Announcement

Warpaint London PLC (LON:W7L) shares were up 10.3% on Tuesday after the company announced a dividend. The company traded as high as GBX 569 ($7.52) and last traded at GBX 569 ($7.52). Approximately 471,915 shares traded hands during trading, an increase of 83% from the average daily volume of 257,679 shares. The stock had previously closed at GBX 516 ($6.82).

The newly announced dividend which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be paid a GBX 3.50 ($0.05) dividend. This represents a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, November 7th. Warpaint London’s dividend payout ratio (DPR) is 5,000.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Shore Capital restated a “house stock” rating on shares of Warpaint London in a research report on Wednesday, June 26th. Berenberg Bank restated a “buy” rating and issued a GBX 580 ($7.66) price target on shares of Warpaint London in a report on Wednesday, June 12th.

Warpaint London Stock Performance

The company has a current ratio of 3.65, a quick ratio of 1.56 and a debt-to-equity ratio of 11.64. The stock’s 50 day moving average is GBX 581.19 and its 200 day moving average is GBX 518.91. The stock has a market capitalization of £425.41 million, a price-to-earnings ratio of 3,044.44 and a beta of 0.60.

Insider Buying and Selling at Warpaint London

In other Warpaint London news, insider Keith Sadler sold 11,950 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of GBX 595 ($7.86), for a total transaction of £71,102.50 ($93,926.68). Insiders own 41.51% of the company’s stock.

Warpaint London Company Profile

Warpaint London PLC, together with its subsidiaries, provides color cosmetics. It operates through two segments, Branded and Close-Out. The company offers its cosmetic skincare products under the W7, Technic, Man'stuff, Body Collection, Very Vegan, and Chit Chat brand names. It also provides supply chain management services.