Wilmington PLC (LON:WIL) announced a dividend on Wednesday, September 12th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 18th will be given a dividend of GBX 4.80 ($0.06) per share on Friday, November 16th. This represents a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, October 18th. This is a boost from Wilmington’s previous dividend of $4.00. The official announcement can be seen at this link.
Shares of Wilmington stock opened at GBX 176.75 ($2.31) on Friday. Wilmington has a twelve month low of GBX 209.25 ($2.73) and a twelve month high of GBX 284 ($3.71).
In related news, insider Martin William Howard Morgan purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The shares were purchased at an average cost of GBX 184 ($2.40) per share, with a total value of £46,000 ($60,107.15).
A number of research analysts recently weighed in on the stock. Peel Hunt reaffirmed a “buy” rating on shares of Wilmington in a research note on Tuesday, July 3rd. Shore Capital reaffirmed a “hold” rating on shares of Wilmington in a research note on Wednesday, September 5th. Numis Securities reaffirmed a “buy” rating on shares of Wilmington in a research note on Wednesday, September 12th. Finally, Canaccord Genuity decreased their price target on shares of Wilmington from GBX 300 ($3.92) to GBX 260 ($3.40) and set a “buy” rating on the stock in a research note on Friday, July 6th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 288.33 ($3.77).
Wilmington plc provides information, education, and networking services to professional markets worldwide. Its Risk & Compliance segment provides regulatory and compliance training and information, market intelligence, and analysis services. This segment serves international financial services and insurance markets, as well as the United Kingdom pensions industry, and risk and compliance officers.
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