Restore plc (LON:RST) Declares Dividend Increase - GBX 3.80 Per Share

Restore plc (LON:RST - Get Free Report) announced a dividend on Thursday, March 13th, DividendData.Co.Uk reports. Stockholders of record on Thursday, June 12th will be paid a dividend of GBX 3.80 ($0.05) per share on Friday, July 18th. This represents a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, June 12th. This is a 90.0% increase from Restore's previous dividend of $2.00. The official announcement can be seen at this link.

Restore Price Performance

LON RST traded up GBX 2.50 ($0.03) during mid-day trading on Friday, hitting GBX 259.50 ($3.52). The stock had a trading volume of 555,027 shares, compared to its average volume of 441,352. The firm's 50 day moving average is GBX 241.64 and its 200 day moving average is GBX 235.12. The company has a debt-to-equity ratio of 100.35, a current ratio of 1.07 and a quick ratio of 1.28. The stock has a market capitalization of £348.45 million, a price-to-earnings ratio of 91.29, a PEG ratio of 0.41 and a beta of 0.57. Restore has a twelve month low of GBX 207 ($2.81) and a twelve month high of GBX 290 ($3.93).

Restore (LON:RST - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported GBX 19 ($0.26) EPS for the quarter. Restore had a net margin of 1.37% and a return on equity of 1.64%. Equities research analysts forecast that Restore will post 20.4953032 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price objective on shares of Restore from GBX 380 ($5.16) to GBX 400 ($5.43) and gave the company a "buy" rating in a report on Thursday, March 13th.

Insiders Place Their Bets

In related news, insider Dan Baker acquired 1,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average cost of GBX 249 ($3.38) per share, for a total transaction of £2,490 ($3,378.56). 15.23% of the stock is owned by insiders.

About Restore

Restore plc, together with its subsidiaries, provides services to offices and workplaces in the public and private sectors primarily in the United Kingdom. The company operates through two segments, Digital & Information Management, and Secure Lifecycle Services. The company provides document management and recycling; document storage and retrieval; physical, seasonal, and on-site document scanning and IT; relocation; document collection and destruction services; data destruction and recycling of all types of IT assets, such as laptops, servers, and network equipment; recycling electrical waste; software imaging, physical installation, and asset tagging; and hardware and software upgrades and decommissioning solutions through repurposing, recycling, or destruction.