The Property Franchise Group PLC (LON:TPFG) Announces Dividend of GBX 12

The Property Franchise Group PLC (LON:TPFG) declared a dividend on Tuesday, April 8th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 8th will be given a dividend of GBX 12 ($0.15) per share on Monday, June 2nd. This represents a yield of 2.93%. The ex-dividend date is Thursday, May 8th. This is a 100.0% increase from The Property Franchise Group’s previous dividend of $6.00. The official announcement can be viewed at this link.

The Property Franchise Group Trading Up 1.2 %

TPFG stock opened at GBX 410.25 ($5.22) on Tuesday. The firm has a 50-day moving average price of GBX 428.19 and a 200-day moving average price of GBX 423.80. The Property Franchise Group has a 12 month low of GBX 336.55 ($4.28) and a 12 month high of GBX 490 ($6.24). The stock has a market capitalization of £260.93 million, a P/E ratio of 16.95 and a beta of 0.42.

The Property Franchise Group (LON:TPFG) last released its quarterly earnings data on Tuesday, April 8th. The company reported GBX 31.70 ($0.40) earnings per share (EPS) for the quarter. The Property Franchise Group had a net margin of 18.96% and a return on equity of 8.40%. As a group, equities analysts predict that The Property Franchise Group will post 34.5809601 EPS for the current fiscal year.

Insider Transactions at The Property Franchise Group

In other news, insider Michelle Brook sold 8,788 shares of The Property Franchise Group stock in a transaction on Monday, February 17th. The shares were sold at an average price of GBX 439 ($5.59), for a total transaction of £38,579.32 ($49,108.10). Company insiders own 19.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 589 ($7.50) price target on shares of The Property Franchise Group in a research note on Thursday, January 30th.

About The Property Franchise Group

The Property Franchise Group PLC (AIM: TPFG) is the UK’s largest multi-brand property franchisor, with a network of over 1,946 outlets delivering high quality services to residential clients, combined with an established Financial Services business.

The Company was founded in 1986 and has since strategically grown to a diverse portfolio of 18 brands operating throughout the UK, comprising longstanding high-street focused brands and two hybrid brands.