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

Whitbread plc (LON:WTB) announced a dividend on Tuesday, April 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 23rd will be given a dividend of GBX 62.90 ($0.80) 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 Price Performance

Whitbread stock opened at GBX 3,050 ($38.76) on Wednesday. The company’s 50 day simple moving average is GBX 3,159.87 and its 200-day simple moving average is GBX 3,344.64. The company has a market capitalization of £5.58 billion, a price-to-earnings ratio of 1,910.63, a price-to-earnings-growth ratio of -3.09 and a beta of 1.08. Whitbread has a 1 year low of GBX 2,983.63 ($37.92) and a 1 year high of GBX 3,714 ($47.20). The company has a debt-to-equity ratio of 144.72, a quick ratio of 1.74 and a current ratio of 1.02.

Insider Activity at Whitbread

In other Whitbread news, insider Dame Karen Jones purchased 900 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of GBX 3,004 ($38.18) per share, for a total transaction of £27,036 ($34,361.97). 3.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of Whitbread in a report on Thursday, May 16th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 4,192.50 ($53.29).

Whitbread Company Profile

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.