Derwent London Plc (DLN) To Go Ex-Dividend on April 24th

Derwent London Plc (LON:DLN) announced a dividend on Thursday, February 27th, DividendData.Co.Uk reports. Investors of record on Thursday, April 24th will be paid a dividend of GBX 55.50 ($0.74) per share by the real estate investment trust on Friday, May 30th. This represents a yield of 3%. The ex-dividend date is Thursday, April 24th. This is a 122.0% increase from Derwent London’s previous dividend of $25.00. The official announcement can be accessed at this link.

Derwent London Stock Up 1.1 %

Shares of LON DLN opened at GBX 1,985 ($26.56) on Tuesday. The company has a debt-to-equity ratio of 40.68, a quick ratio of 0.38 and a current ratio of 0.51. The firm has a market cap of £2.22 billion, a price-to-earnings ratio of -6.16, a PEG ratio of 23.10 and a beta of 1.03. Derwent London has a 1 year low of GBX 1,665 ($22.28) and a 1 year high of GBX 2,530 ($33.86). The stock’s 50-day simple moving average is GBX 1,846.33 and its 200-day simple moving average is GBX 1,985.62.

Derwent London (LON:DLN) last announced its earnings results on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.43) EPS for the quarter. Derwent London had a negative net margin of 129.56% and a negative return on equity of 10.41%. As a group, equities analysts anticipate that Derwent London will post 113.7351779 earnings per share for the current fiscal year.

Insider Buying and Selling at Derwent London

In other Derwent London news, insider Damian Wisniewski purchased 2,836 shares of the business’s stock in a transaction on Friday, March 7th. The stock was acquired at an average price of GBX 1,749 ($23.40) per share, with a total value of £49,601.64 ($66,374.47). Corporate insiders own 7.98% of the company’s stock.

Derwent London Company Profile

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.