Ashtead Group PLC (OTCMKTS:ASHTY) Announces Dividend Increase - $2.81 Per Share

Key Points

• Ashtead Group PLC announced a dividend increase to $2.81 per share, reflecting a 95.1% increase from the previous dividend of $1.44.
• The stock will go ex-dividend on August 8th, with shareholders of record set to receive the payment on September 25th.
• Despite the dividend increase, Ashtead Group's stock was down 0.7% following an analyst downgrade from "moderate buy" to "hold".

Ashtead Group PLC (OTCMKTS:ASHTY - Get Free Report) declared a dividend on Friday, August 1st, investing.com reports. Stockholders of record on Monday, August 11th will be given a dividend of 2.81 per share on Thursday, September 25th. This represents a dividend yield of 155.0%. The ex-dividend date is Friday, August 8th. This is a 95.1% increase from Ashtead Group's previous dividend of $1.44.

Ashtead Group Stock Performance

Shares of ASHTY stock traded up $2.64 on Tuesday, hitting $269.99. 14,667 shares of the stock were exchanged, compared to its average volume of 38,909. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $28.76 billion, a PE ratio of 19.52 and a beta of 1.71. Ashtead Group has a one year low of $186.01 and a one year high of $337.95. The firm's 50 day moving average is $252.48 and its two-hundred day moving average is $241.47.

About Ashtead Group

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.