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

Restore plc (LON:RST - Get Free Report) declared a dividend on Thursday, March 13th, DividendData.Co.Uk reports. Investors of record on Thursday, June 12th will be given a dividend of GBX 3.80 ($0.05) per share on Friday, July 18th. This represents a yield of 1.58%. The ex-dividend date 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 Trading Up 1.2%

Shares of LON RST traded up GBX 3.08 ($0.04) during trading hours on Tuesday, hitting GBX 254.58 ($3.44). 126,533 shares of the company traded hands, compared to its average volume of 443,206. Restore has a 12 month low of GBX 207 ($2.79) and a 12 month high of GBX 290 ($3.92). The stock has a market capitalization of £341.85 million, a price-to-earnings ratio of 89.56, a price-to-earnings-growth ratio of 0.41 and a beta of 0.57. The company has a current ratio of 1.07, a quick ratio of 1.28 and a debt-to-equity ratio of 100.35. The company's 50 day moving average price is GBX 238.44 and its 200 day moving average price is GBX 234.79.

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

Insider Buying and Selling at Restore

In related news, insider Dan Baker purchased 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average price of GBX 249 ($3.36) per share, for a total transaction of £2,490 ($3,361.68). Also, insider Charles Skinner bought 44,438 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of GBX 225 ($3.04) per share, with a total value of £99,985.50 ($134,987.85). 15.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their target price on Restore from GBX 380 ($5.13) to GBX 400 ($5.40) and gave the company a "buy" rating in a research report on Thursday, March 13th.

Restore Company Profile

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.