Derwent London Plc (LON:DLN) Increases Dividend to GBX 55.50 Per Share

Derwent London Plc (LON:DLN - Get Free Report) declared a dividend on Thursday, February 27th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 24th will be paid a dividend of GBX 55.50 ($0.74) per share by the real estate investment trust on Friday, May 30th. This represents a dividend yield of 3%. The ex-dividend date is Thursday, April 24th. This is a 122.0% increase from Derwent London's previous dividend of $25.00. The official announcement can be accessed at this link.

Derwent London Price Performance

DLN stock traded down GBX 8 ($0.11) during midday trading on Friday, reaching GBX 1,878 ($25.01). 86,225 shares of the stock were exchanged, compared to its average volume of 643,025. Derwent London has a 52 week low of GBX 1,665 ($22.17) and a 52 week high of GBX 2,530 ($33.69). The company has a fifty day moving average price of GBX 1,842.63 and a 200 day moving average price of GBX 1,976.62. The company has a debt-to-equity ratio of 40.68, a current ratio of 0.51 and a quick ratio of 0.38. The stock has a market capitalization of £2.10 billion, a PE ratio of -5.83, a P/E/G ratio of 23.10 and a beta of 1.03.

Derwent London (LON:DLN - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.42) earnings per share for the quarter. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%. As a group, analysts expect that Derwent London will post 113.7351779 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Damian Wisniewski bought 2,836 shares of the business's stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of GBX 1,749 ($23.29) per share, with a total value of £49,601.64 ($66,047.46). Insiders own 7.98% of the company's stock.

Derwent London Company Profile

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.