Michelmersh Brick Holdings plc (LON:MBH) Raises Dividend to GBX 3 Per Share

Michelmersh Brick Holdings plc (LON:MBH) declared a dividend on Tuesday, March 25th, DividendData.Co.Uk reports. Shareholders of record on Thursday, June 5th will be paid a dividend of GBX 3 ($0.04) per share on Wednesday, July 9th. This represents a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, June 5th. This is a 87.5% increase from Michelmersh Brick’s previous dividend of $1.60. The official announcement can be viewed at this link.

Michelmersh Brick Stock Down 1.2 %

Shares of MBH stock traded down GBX 1.20 ($0.02) on Wednesday, hitting GBX 96.80 ($1.25). The stock had a trading volume of 214,048 shares, compared to its average volume of 124,341. Michelmersh Brick has a 52-week low of GBX 92 ($1.19) and a 52-week high of GBX 111.65 ($1.45). The firm has a market capitalization of £89.02 million, a price-to-earnings ratio of 11.01 and a beta of 1.01. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.56 and a current ratio of 2.13. The stock’s 50 day moving average is GBX 105.44 and its 200-day moving average is GBX 102.50.

Michelmersh Brick (LON:MBH) last announced its earnings results on Tuesday, March 25th. The company reported GBX 8.18 ($0.11) earnings per share (EPS) for the quarter. Michelmersh Brick had a return on equity of 8.82% and a net margin of 11.46%. As a group, research analysts expect that Michelmersh Brick will post 10.3053435 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MBH shares. Canaccord Genuity Group dropped their price target on shares of Michelmersh Brick from GBX 170 ($2.20) to GBX 160 ($2.07) and set a “buy” rating on the stock in a research note on Tuesday. Berenberg Bank reiterated a “buy” rating and set a GBX 170 ($2.20) price target on shares of Michelmersh Brick in a research report on Tuesday.

Michelmersh Brick Company Profile

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, Charnwood, Freshfield Lane, Michelmersh, Hathern Terra Cotta and Floren. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.

Established in 1997 the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 120 million clay bricks and pavers per annum.