Wynnstay Group Plc (LON:WYN) Raises Dividend to GBX 11.90 Per Share

Wynnstay Group Plc (LON:WYN) announced a dividend on Tuesday, February 11th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be paid a dividend of GBX 11.90 ($0.15) per share on Wednesday, April 30th. This represents a yield of 3.87%. The ex-dividend date is Thursday, March 27th. This is a 112.5% increase from Wynnstay Group’s previous dividend of $5.60. The official announcement can be accessed at this link.

Wynnstay Group Stock Performance

Shares of WYN stock opened at GBX 300.20 ($3.88) on Tuesday. The stock’s 50-day moving average is GBX 304.96 and its two-hundred day moving average is GBX 312.60. The company has a debt-to-equity ratio of 11.53, a quick ratio of 1.03 and a current ratio of 2.00. Wynnstay Group has a 1 year low of GBX 270 ($3.49) and a 1 year high of GBX 400 ($5.17). The firm has a market cap of £69.18 million, a price-to-earnings ratio of 11.15 and a beta of 0.58.

Wynnstay Group (LON:WYN) last released its quarterly earnings results on Tuesday, February 11th. The company reported GBX 23.78 ($0.31) earnings per share (EPS) for the quarter. Wynnstay Group had a return on equity of 4.69% and a net margin of 0.97%. Analysts predict that Wynnstay Group will post 24.9054054 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WYN shares. Canaccord Genuity Group lowered their target price on shares of Wynnstay Group from GBX 470 ($6.07) to GBX 430 ($5.56) and set a “buy” rating on the stock in a research report on Thursday, February 13th. Shore Capital reissued a “house stock” rating on shares of Wynnstay Group in a research report on Tuesday.

Insider Buying and Selling at Wynnstay Group

In other Wynnstay Group news, insider Gareth Davies sold 3,304 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of GBX 322 ($4.16), for a total value of £10,638.88 ($13,747.10). Also, insider Stephen John Ellwood acquired 1,500 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were purchased at an average price of GBX 328 ($4.24) per share, with a total value of £4,920 ($6,357.41). 26.31% of the stock is owned by company insiders.

About Wynnstay Group

Wynnstay is a leading UK provider of agricultural supplies and services to farmers and rural communities, mainly in England and Wales. It manufactures and supplies a comprehensive range of agricultural inputs for both livestock and arable farmers, including feed, seed and fertiliser. Through its crop marketing arm, GrainLink, it also provides a channel for arable farmers to sell their grain, and its specialist teams provide advice on the latest farming techniques, including environmental measures, and animal health and nutrition.

Wynnstay supplies both direct-to-farm and via its extensive network of depots.