Big Yellow Group plc (LON:BYG) Announces Dividend Increase – GBX 17.10 Per Share

Big Yellow Group plc (LON:BYG) declared a dividend on Tuesday, November 19th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 5th will be given a dividend of GBX 17.10 ($0.22) per share on Friday, January 10th. This represents a yield of 1.49%. The ex-dividend date of this dividend is Thursday, December 5th. This is a boost from Big Yellow Group’s previous dividend of $16.50. The official announcement can be seen at this link.

Shares of LON BYG opened at GBX 1,128 ($14.74) on Wednesday. Big Yellow Group has a 1-year low of GBX 846 ($11.05) and a 1-year high of GBX 1,194 ($15.60). The business has a 50-day moving average of GBX 1,133.36 and a 200-day moving average of GBX 1,051.45. The company has a debt-to-equity ratio of 30.83, a current ratio of 0.48 and a quick ratio of 0.28. The company has a market capitalization of $1.87 billion and a price-to-earnings ratio of 11.65.

In other Big Yellow Group news, insider Nicholas Vetch sold 411,660 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of GBX 1,068 ($13.96), for a total value of £4,396,528.80 ($5,744,843.59).

Several equities research analysts recently commented on the company. Goldman Sachs Group reiterated a “neutral” rating on shares of Big Yellow Group in a report on Thursday, August 8th. Morgan Stanley lowered Big Yellow Group to an “underweight” rating and reduced their price target for the stock from GBX 1,075 ($14.05) to GBX 1,000 ($13.07) in a research report on Friday, November 29th. Peel Hunt restated a “hold” rating and issued a GBX 1,160 ($15.16) price target (up previously from GBX 1,000 ($13.07)) on shares of Big Yellow Group in a report on Tuesday, November 19th. Royal Bank of Canada began coverage on shares of Big Yellow Group in a research report on Wednesday, November 27th. They issued an “underperform” rating and a GBX 975 ($12.74) price objective for the company. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Big Yellow Group from GBX 1,100 ($14.37) to GBX 1,050 ($13.72) and set a “neutral” rating for the company in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Big Yellow Group has an average rating of “Hold” and a consensus target price of GBX 1,041.56 ($13.61).

About Big Yellow Group

Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 97 stores, including 22 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We own a further eleven Big Yellow self storage development sites (including two extension sites), of which two have planning consent.

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Dividend History for Big Yellow Group (LON:BYG)

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