Speedy Hire Plc to Issue Dividend of GBX 0.70 (LON:SDY)

Speedy Hire Plc (LON:SDY) announced a dividend on Wednesday, November 13th, Upcoming.Co.Uk reports. Investors of record on Thursday, December 5th will be given a dividend of GBX 0.70 ($0.01) per share on Friday, January 10th. This represents a yield of 1.27%. The ex-dividend date is Thursday, December 5th. The official announcement can be viewed at this link.

Shares of LON:SDY opened at GBX 63 ($0.82) on Wednesday. The company has a debt-to-equity ratio of 79.16, a current ratio of 1.03 and a quick ratio of 0.95. Speedy Hire has a 1-year low of GBX 45 ($0.59) and a 1-year high of GBX 65 ($0.85). The company has a market capitalization of $335.20 million and a P/E ratio of 13.40. The firm’s 50 day simple moving average is GBX 57.49 and its two-hundred day simple moving average is GBX 56.59.

In other Speedy Hire news, insider David J. B. Shearer purchased 100,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was acquired at an average cost of GBX 55 ($0.72) per share, for a total transaction of £55,000 ($71,867.24). Also, insider Rhian Bartlett acquired 30,574 shares of the business’s stock in a transaction on Friday, November 15th. The shares were bought at an average cost of GBX 58 ($0.76) per share, with a total value of £17,732.92 ($23,171.20).

A number of analysts have recently issued reports on SDY shares. Liberum Capital increased their price objective on shares of Speedy Hire from GBX 77 ($1.01) to GBX 80 ($1.05) and gave the stock a “buy” rating in a research note on Thursday, November 21st. Peel Hunt restated a “buy” rating on shares of Speedy Hire in a research report on Wednesday, November 13th.

Speedy Hire Company Profile

Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom, Ireland, the United Arab Emirates, and internationally. The company hires a range of tools and accessories, including access, lighting, survey, lifting, rail, safety equipment and ATEX, plant, site and traffic management, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.

Further Reading: Beige Book

Dividend History for Speedy Hire (LON:SDY)

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