LSL Property Services plc (LON:LSL) Increases Dividend to GBX 7.40 Per Share

LSL Property Services plc (LON:LSL) declared a dividend on Wednesday, March 26th, DividendData.Co.Uk reports. Investors of record on Thursday, May 8th will be given a dividend of GBX 7.40 ($0.10) per share on Friday, June 27th. This represents a yield of 2.79%. The ex-dividend date is Thursday, May 8th. This is a 85.0% increase from LSL Property Services’s previous dividend of $4.00. The official announcement can be accessed at this link.

LSL Property Services Stock Performance

LSL stock opened at GBX 266.50 ($3.43) on Thursday. The stock has a market cap of £274.22 million, a P/E ratio of 25.75, a P/E/G ratio of 1.49 and a beta of 1.09. The company has a debt-to-equity ratio of 62.42, a quick ratio of 1.06 and a current ratio of 1.30. The firm has a 50 day simple moving average of GBX 278.28 and a 200 day simple moving average of GBX 288.22. LSL Property Services has a 52 week low of GBX 252 ($3.24) and a 52 week high of GBX 355 ($4.57).

LSL Property Services (LON:LSL) last posted its quarterly earnings results on Wednesday, March 26th. The company reported GBX 21.10 ($0.27) earnings per share for the quarter. LSL Property Services had a net margin of 6.74% and a return on equity of 13.68%. Research analysts anticipate that LSL Property Services will post 24.137931 earnings per share for the current fiscal year.

Insider Activity at LSL Property Services

In other news, insider Adam Castleton bought 8,725 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average cost of GBX 295 ($3.80) per share, for a total transaction of £25,738.75 ($33,138.60). 15.29% of the stock is owned by company insiders.

About LSL Property Services

LSL Property Services plc, together with its subsidiaries, engages in the provision of business-to-business services to mortgage intermediaries and estate agency franchisees, and valuation services to lenders in the United Kingdom. The company operates through three segments: Financial Services, Surveying & Valuation, and Estate Agency Franchising.