Workspace Group Plc (LON:WKP) Announces Dividend Increase – GBX 19 Per Share

Workspace Group Plc (LON:WKP) declared a dividend on Wednesday, June 5th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 4th will be given a dividend of GBX 19 ($0.24) per share on Friday, August 2nd. This represents a yield of 3.45%. The ex-dividend date of this dividend is Thursday, July 4th. This is an increase from Workspace Group’s previous dividend of $9.00. The official announcement can be viewed at this link.

Workspace Group Stock Performance

LON:WKP opened at GBX 591 ($7.48) on Wednesday. Workspace Group has a fifty-two week low of GBX 449.20 ($5.68) and a fifty-two week high of GBX 617 ($7.80). The company has a debt-to-equity ratio of 56.11, a quick ratio of 0.11 and a current ratio of 1.30. The company has a 50 day moving average price of GBX 551.16 and a 200 day moving average price of GBX 527.80. The stock has a market capitalization of £1.13 billion, a P/E ratio of -506.90, a PEG ratio of 1.54 and a beta of 1.05.

Analyst Upgrades and Downgrades

WKP has been the topic of a number of analyst reports. Barclays raised their price target on Workspace Group from GBX 550 ($6.96) to GBX 595 ($7.53) and gave the company an “overweight” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. increased their price target on Workspace Group from GBX 650 ($8.22) to GBX 700 ($8.85) and gave the stock an “overweight” rating in a report on Thursday, June 6th.

Insider Activity

In other Workspace Group news, insider David Benson sold 19,129 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of GBX 6 ($0.08), for a total value of £1,147.74 ($1,451.73). In related news, insider Graham Clemett sold 3,597 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of GBX 590 ($7.46), for a total transaction of £21,222.30 ($26,843.28). Also, insider David Benson sold 19,129 shares of Workspace Group stock in a transaction on Monday, June 24th. The stock was sold at an average price of GBX 6 ($0.08), for a total transaction of £1,147.74 ($1,451.73). 28.97% of the stock is owned by company insiders.

Workspace Group Company Profile

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more.