Shaftesbury Capital PLC (LON:SHC) Announces Dividend Increase – GBX 1.65 Per Share

Shaftesbury Capital PLC (LON:SHC) announced a dividend on Thursday, February 29th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 25th will be given a dividend of GBX 1.65 ($0.02) per share on Friday, May 31st. This represents a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Shaftesbury Capital’s previous dividend of $1.50. The official announcement can be seen at this link.

Shaftesbury Capital Trading Up 0.1 %

LON SHC opened at GBX 135 ($1.67) on Wednesday. Shaftesbury Capital has a 1-year low of GBX 101.90 ($1.26) and a 1-year high of GBX 145.60 ($1.80). The company has a market capitalization of £2.63 billion, a PE ratio of 299.78 and a beta of 1.11. The firm’s fifty day simple moving average is GBX 134.44 and its 200-day simple moving average is GBX 127.63.

Insiders Place Their Bets

In other Shaftesbury Capital news, insider Ian Hawksworth bought 88,888 shares of the stock in a transaction on Thursday, February 29th. The shares were purchased at an average cost of GBX 124 ($1.53) per share, with a total value of £110,221.12 ($136,142.69). Company insiders own 3.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 160 ($1.98) price target on shares of Shaftesbury Capital in a research note on Tuesday, March 5th. HSBC raised shares of Shaftesbury Capital to a “buy” rating and set a GBX 149 ($1.84) price target on the stock in a research note on Thursday, March 21st.

About Shaftesbury Capital

Shaftesbury Capital PLC ("Shaftesbury Capital") is the leading central London mixed-use REIT and is a constituent of the FTSE-250 Index. Our property portfolio, valued at £4.8 billion at December 2023, extends to 2.9 million square feet of lettable space across the most vibrant areas of London's West End.