Derwent London Plc (LON:DLN) Announces Dividend Increase – GBX 55 Per Share

Posted by Brenda Bartman on Apr 24th, 2024

Derwent London Plc (LON:DLN – Get Free Report) announced a dividend on Wednesday, February 28th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 25th will be given a dividend of GBX 55 ($0.68) per share by the real estate investment trust on Friday, May 31st. This represents a yield of 2.87%. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Derwent London’s previous dividend of $24.50. The official announcement can be viewed at this link.

Derwent London Price Performance

LON:DLN opened at GBX 2,040 ($25.20) on Wednesday. The company has a 50-day moving average of GBX 2,054.40 and a 200-day moving average of GBX 2,091.03. The company has a market capitalization of £2.29 billion, a price-to-earnings ratio of -490.57, a PEG ratio of 23.10 and a beta of 0.92. Derwent London has a 52 week low of GBX 1,766 ($21.81) and a 52 week high of GBX 2,452 ($30.29). The company has a debt-to-equity ratio of 39.06, a quick ratio of 0.38 and a current ratio of 0.74.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “hold” rating and set a GBX 2,512 ($31.03) price target on shares of Derwent London in a report on Friday, February 9th.

Check Out Our Latest Stock Report on Derwent London

Derwent London Company Profile

(Get Free Report)

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.