Whitbread plc (LON:WTB) Announces Dividend Increase – GBX 62.90 Per Share

Posted by Stacy Sanders on May 1st, 2024

Whitbread plc (LON:WTB – Get Free Report) announced a dividend on Tuesday, April 30th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 23rd will be paid a dividend of GBX 62.90 ($0.79) per share on Friday, July 5th. This represents a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 23rd. This is a boost from Whitbread’s previous dividend of $34.10. The official announcement can be seen at this link.

Whitbread Stock Down 0.3 %

Shares of WTB opened at GBX 3,156 ($39.64) on Wednesday. Whitbread has a 52-week low of GBX 2,995 ($37.62) and a 52-week high of GBX 3,714 ($46.65). The company has a market capitalization of £5.82 billion, a PE ratio of 1,886.96, a price-to-earnings-growth ratio of -3.09 and a beta of 1.08. The stock has a fifty day simple moving average of GBX 3,240.89 and a two-hundred day simple moving average of GBX 3,369.47. The company has a quick ratio of 1.74, a current ratio of 1.42 and a debt-to-equity ratio of 125.83.

Insiders Place Their Bets

In related news, insider Shelley Roberts bought 417 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of GBX 3,575 ($44.91) per share, with a total value of £14,907.75 ($18,725.98). 3.97% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Whitbread in a research note on Tuesday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 4,192.50 ($52.66).

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About Whitbread

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Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates hotels with rooms in the United Kingdom; Middle East; and Germany under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands. The company operates restaurants under the Brewers Fayre, Beefeater, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands in the United Kingdom.