J D Wetherspoon plc (LON:JDW) Raises Dividend to GBX 12 Per Share

J D Wetherspoon plc (LON:JDW) announced a dividend on Friday, October 4th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 24th will be paid a dividend of GBX 12 ($0.16) per share on Thursday, November 28th. This represents a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, October 24th. This is an increase from J D Wetherspoon’s previous dividend of $8.00. The official announcement can be viewed at this link.

J D Wetherspoon Stock Up 0.3 %

Shares of LON:JDW opened at GBX 709.78 ($9.22) on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.35 and a debt-to-equity ratio of 284.38. The business has a fifty day moving average of GBX 729.78 and a two-hundred day moving average of GBX 742.79. The stock has a market cap of £877.43 million, a P/E ratio of 1,815.38, a PEG ratio of 3.39 and a beta of 1.34. J D Wetherspoon has a 52-week low of GBX 587 ($7.62) and a 52-week high of GBX 862.50 ($11.20).

Insider Buying and Selling

In related news, insider Timothy (Tim) Martin sold 1,361,000 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of GBX 739 ($9.59), for a total transaction of £10,057,790 ($13,058,673.07). 31.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “hold” rating on shares of J D Wetherspoon in a report on Friday, October 4th.

J D Wetherspoon Company Profile

J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland. The company was founded in 1979 and is based in Watford, the United Kingdom.