Lords Group Trading plc (LON:LORD) Declares Dividend Increase – GBX 1.33 Per Share

Lords Group Trading plc (LON:LORD) declared a dividend on Wednesday, May 15th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 23rd will be paid a dividend of GBX 1.33 ($0.02) per share on Friday, June 28th. This represents a dividend yield of 2.74%. The ex-dividend date is Thursday, May 23rd. This is a boost from Lords Group Trading’s previous dividend of $0.67. The official announcement can be seen at this link.

Lords Group Trading Stock Performance

Shares of LON:LORD opened at GBX 46.75 ($0.59) on Thursday. Lords Group Trading has a 1 year low of GBX 39.60 ($0.50) and a 1 year high of GBX 70 ($0.88). The stock has a market capitalization of £77.41 million, a price-to-earnings ratio of 950.00 and a beta of 1.17. The company has a debt-to-equity ratio of 170.01, a current ratio of 1.40 and a quick ratio of 0.77. The company’s 50 day simple moving average is GBX 49.32 and its 200 day simple moving average is GBX 49.84.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 90 ($1.13) price target on shares of Lords Group Trading in a research note on Wednesday.

About Lords Group Trading

Lords Group Trading plc distributes building materials, plumbing, heating, and DIY goods to local tradesmen, developers, small and medium construction companies, and retail customers. The company operates in two divisions, Merchanting; and Plumbing and Heating. It also distributes heating and plumbing products to a network of independent merchants, installers, and general public.