Harworth Group (LON:HWG) Hits New 52-Week High Following Dividend Announcement

Harworth Group plc (LON:HWG) hit a new 52-week high during trading on Friday following a dividend announcement from the company. The stock traded as high as GBX 181 ($2.37) and last traded at GBX 179.62 ($2.35), with a volume of 573390 shares changing hands. The stock had previously closed at GBX 175 ($2.29).

The newly announced dividend which will be paid on Thursday, October 24th. Investors of record on Thursday, September 19th will be given a GBX 0.49 ($0.01) dividend. This represents a yield of 0.29%. The ex-dividend date is Thursday, September 19th. Harworth Group’s dividend payout ratio (DPR) is currently 833.33%.

Harworth Group Stock Performance

The company has a market capitalization of £579.32 million, a price-to-earnings ratio of 1,491.67 and a beta of 0.74. The stock’s 50 day moving average price is GBX 165.74 and its 200 day moving average price is GBX 147.15. The company has a current ratio of 2.87, a quick ratio of 1.13 and a debt-to-equity ratio of 10.06.

Insider Buying and Selling

In related news, insider Lynda Shillaw acquired 11,245 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was bought at an average price of GBX 178 ($2.33) per share, with a total value of £20,016.10 ($26,175.10). In other Harworth Group news, insider Katerina Patmore acquired 16,094 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was bought at an average cost of GBX 154 ($2.01) per share, with a total value of £24,784.76 ($32,411.09). Also, insider Lynda Shillaw bought 11,245 shares of Harworth Group stock in a transaction dated Friday, September 13th. The shares were acquired at an average price of GBX 178 ($2.33) per share, with a total value of £20,016.10 ($26,175.10). Over the last quarter, insiders have purchased 27,625 shares of company stock worth $4,525,102. Corporate insiders own 53.39% of the company’s stock.

Harworth Group Company Profile

Harworth Group plc operates as a land and property regeneration company in the North of England and the Midlands. The company operates through Income Generation and Capital Growth segments. The Income Generation segment focuses on generating rental returns from the investment portfolio; rental returns and royalties from energy generation, environmental technologies, and the agricultural portfolio; and income-generating streams from recycled aggregates and secondary coal products.