J D Wetherspoon plc (LON:JDW) Declares Dividend Increase – GBX 12 Per Share

J D Wetherspoon plc (LON:JDW) announced a dividend on Friday, October 4th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 24th will be given a dividend of GBX 12 ($0.16) per share on Thursday, November 28th. This represents a yield of 1.64%. The ex-dividend date is Thursday, October 24th. This is a positive change from J D Wetherspoon’s previous dividend of $8.00. The official announcement can be accessed at this link.

J D Wetherspoon Stock Up 0.8 %

JDW stock traded up GBX 5.50 ($0.07) during midday trading on Friday, hitting GBX 730 ($9.76). The company’s stock had a trading volume of 599,204 shares, compared to its average volume of 294,604. The company has a market cap of £902.43 million, a PE ratio of 2,281.25, a P/E/G ratio of 3.39 and a beta of 1.34. The company has a current ratio of 0.34, a quick ratio of 0.19 and a debt-to-equity ratio of 317.46. The firm’s 50-day moving average is GBX 734.14 and its 200-day moving average is GBX 745.69. J D Wetherspoon has a 12 month low of GBX 587 ($7.85) and a 12 month high of GBX 862.50 ($11.54).

Insider Activity

In other J D Wetherspoon news, insider Timothy (Tim) Martin sold 1,361,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of GBX 739 ($9.88), for a total transaction of £10,057,790 ($13,453,437.67). In other J D Wetherspoon news, insider Timothy (Tim) Martin sold 1,361,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of GBX 739 ($9.88), for a total transaction of £10,057,790 ($13,453,437.67). Also, insider Ben Whitley bought 7,000 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were bought at an average price of GBX 761 ($10.18) per share, with a total value of £53,270 ($71,254.68). Insiders own 31.34% of the company’s stock.

Wall Street Analysts Forecast Growth

JDW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 172 ($2.30) target price on shares of J D Wetherspoon in a research report on Tuesday, June 11th. Shore Capital reiterated a “hold” rating on shares of J D Wetherspoon in a report on Friday.

About J D Wetherspoon

J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland. The company was founded in 1979 and is based in Watford, the United Kingdom.