Burford Capital Limited (NYSE:BUR) to Issue Semi-Annual Dividend of $0.06

Burford Capital Limited (NYSE:BUR) announced a Semi-Annual dividend on Thursday, August 8th, Zacks reports. Shareholders of record on Friday, November 1st will be paid a dividend of 0.063 per share on Thursday, December 5th. This represents a yield of 2%. The ex-dividend date of this dividend is Friday, November 1st.

Burford Capital has a payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Burford Capital to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 14.3%.

Burford Capital Stock Down 1.0 %

BUR stock opened at $13.50 on Wednesday. The stock has a market cap of $2.96 billion, a PE ratio of 7.63 and a beta of 0.53. The firm’s 50-day simple moving average is $13.32 and its 200 day simple moving average is $13.74. Burford Capital has a fifty-two week low of $12.07 and a fifty-two week high of $16.77. The company has a quick ratio of 11.01, a current ratio of 11.01 and a debt-to-equity ratio of 0.55.

Burford Capital (NYSE:BUR) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10). The business had revenue of $159.65 million during the quarter, compared to the consensus estimate of $153.00 million. Burford Capital had a return on equity of 12.58% and a net margin of 45.81%. As a group, sell-side analysts predict that Burford Capital will post 1.09 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Burford Capital in a research note on Friday, September 6th. They set a “buy” rating and a $18.00 price objective on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.50 price target on shares of Burford Capital in a research note on Tuesday, July 2nd. Finally, Wedbush reissued an “outperform” rating and set a $18.00 target price on shares of Burford Capital in a report on Friday, August 9th.

About Burford Capital

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.