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

Posted by Mitch Edgeman on Apr 30th, 2024

Whitbread plc (LON:WTB – Get Free Report) declared a dividend on Tuesday, April 30th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 23rd will be given a dividend of GBX 62.90 ($0.79) per share on Friday, July 5th. This represents a yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from Whitbread’s previous dividend of $34.10. The official announcement can be viewed at this link.

Whitbread Price Performance

Shares of WTB stock opened at GBX 3,184.54 ($40.00) on Tuesday. The stock has a market capitalization of £5.88 billion, a price-to-earnings ratio of 1,868.64, a P/E/G ratio of -3.09 and a beta of 1.08. The company has a current ratio of 1.42, a quick ratio of 1.74 and a debt-to-equity ratio of 125.83. Whitbread has a twelve month low of GBX 2,995 ($37.62) and a twelve month high of GBX 3,714 ($46.65). The stock has a fifty day simple moving average of GBX 3,248.55 and a two-hundred day simple moving average of GBX 3,370.12.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of Whitbread in a research note on Tuesday, March 5th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Whitbread currently has an average rating of “Buy” and an average price target of GBX 4,192.50 ($52.66).

Check Out Our Latest Stock Analysis on WTB

Insider Activity

In related news, insider Shelley Roberts purchased 417 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were acquired at an average price of GBX 3,575 ($44.91) per share, for a total transaction of £14,907.75 ($18,725.98). Corporate insiders own 3.97% of the company’s stock.

Whitbread Company Profile

(Get Free Report)

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.