Dr. Martens (LON:DOCS) Stock Price Up 14.9% After Dividend Announcement

Dr. Martens plc (LON:DOCS)’s stock price shot up 14.9% during mid-day trading on Thursday after the company announced a dividend. The stock traded as high as GBX 70 ($0.89) and last traded at GBX 66.40 ($0.84). 9,112,005 shares changed hands during trading, an increase of 328% from the average session volume of 2,131,099 shares. The stock had previously closed at GBX 57.80 ($0.73).

The newly announced dividend which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 6th will be issued a GBX 0.85 ($0.01) dividend. This represents a yield of 1.47%. The ex-dividend date is Thursday, March 6th. Dr. Martens’s dividend payout ratio is 4,285.71%.

Dr. Martens Stock Up 13.6 %

The company has a debt-to-equity ratio of 129.55, a quick ratio of 1.13 and a current ratio of 2.85. The company’s 50-day moving average price is GBX 55.88 and its 200 day moving average price is GBX 68.38. The stock has a market capitalization of £631.37 million, a P/E ratio of 932.47, a P/E/G ratio of 6.40 and a beta of 0.11.

Insider Buying and Selling

In other Dr. Martens news, insider Kenny Wilson acquired 30,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average cost of GBX 55 ($0.70) per share, with a total value of £16,500 ($20,944.40). Also, insider Andrew Harrison bought 58,220 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average price of GBX 52 ($0.66) per share, for a total transaction of £30,274.40 ($38,429.04). Over the last quarter, insiders purchased 88,709 shares of company stock worth $4,707,573. 4.36% of the stock is owned by insiders.

About Dr. Martens

Dr. Martens plc designs, develops, procures, markets, sells, and distributes footwear in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. It offers originals, fusion, kids, and casual, as well as accessories. The company offers its products under the Dr. Martens brand name. Dr. Martens plc was founded in 1945 and is based in London, the United Kingdom.