Halfords Group (LON:HFD) Shares Up 9.3% After Dividend Announcement

Halfords Group plc (LON:HFD) rose 9.3% during mid-day trading on Tuesday following a dividend announcement from the company. The stock traded as high as GBX 142.60 ($1.79) and last traded at GBX 141.20 ($1.77). Approximately 3,269,664 shares were traded during mid-day trading, an increase of 286% from the average daily volume of 848,006 shares. The stock had previously closed at GBX 129.20 ($1.62).

The newly announced dividend which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 12th will be issued a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 2.32%. Halfords Group’s payout ratio is currently 6,153.85%.

Halfords Group Stock Performance

The stock has a market cap of £319.78 million, a price-to-earnings ratio of 1,138.46, a P/E/G ratio of 2.80 and a beta of 1.62. The company’s fifty day simple moving average is GBX 149.56 and its two-hundred day simple moving average is GBX 147.36. The company has a debt-to-equity ratio of 59.34, a current ratio of 0.91 and a quick ratio of 0.41.

Halfords Group Company Profile

Halfords Group plc, through its subsidiaries, provides motoring and cycling products and services in the United Kingdom and the Republic of Ireland. The company operates through two segments, Retail and Car Servicing. The Retail segment is involved in the retail of automotive, leisure, cycling products and accessories, auto parts, and accessories through its stores and online.