National World (LON:NWOR) Trading 2.8% Higher Following Dividend Announcement

National World Plc (LON:NWOR)’s stock price traded up 2.8% during trading on Thursday following a dividend announcement from the company. The company traded as high as GBX 16.98 ($0.22) and last traded at GBX 16.70 ($0.21). 43,737 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 293,601 shares. The stock had previously closed at GBX 16.25 ($0.21).

The newly announced dividend which will be paid on Friday, September 20th. Investors of record on Thursday, August 8th will be given a dividend of GBX 0.20 ($0.00) per share. This represents a dividend yield of 1.23%. The ex-dividend date is Thursday, August 8th. National World’s payout ratio is 10,000.00%.

National World Price Performance

The stock has a 50 day simple moving average of GBX 16.04 and a two-hundred day simple moving average of GBX 15.35. The company has a market cap of £46.17 million, a price-to-earnings ratio of 1,725.00 and a beta of 0.79. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.25 and a quick ratio of 1.94.

Insider Activity

In other news, insider David Lindsay bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average price of GBX 18 ($0.23) per share, with a total value of £5,400 ($6,946.23). Corporate insiders own 57.54% of the company’s stock.

National World Company Profile

National World Plc operates in the news publishing industry in the United Kingdom. It provides news and information services through a portfolio of multimedia publications and websites. The company was incorporated in 2019 and is based in Leeds, the United Kingdom.