Franchise Brands plc (LON:FRAN) Insider Nigel Wray Sells 7,000,000 Shares

Franchise Brands plc (LON:FRAN) insider Nigel Wray sold 7,000,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of GBX 160 ($2.11), for a total transaction of £11,200,000 ($14,795,244.39).

Franchise Brands Price Performance

Shares of LON:FRAN opened at GBX 161 ($2.13) on Friday. The company has a 50 day moving average of GBX 174.48 and a 200 day moving average of GBX 177.78. The company has a current ratio of 1.30, a quick ratio of 1.57 and a debt-to-equity ratio of 44.11. The stock has a market cap of £309.47 million, a P/E ratio of 8,097.50 and a beta of 0.82. Franchise Brands plc has a 12 month low of GBX 130 ($1.72) and a 12 month high of GBX 210 ($2.77).

Franchise Brands Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 1.10 ($0.01) per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a dividend yield of 0.69%. Franchise Brands’s dividend payout ratio (DPR) is currently 10,000.00%.

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.