Origin Enterprises (LON:OGN) Hits New 12-Month High Following Dividend Announcement

Origin Enterprises plc (LON:OGN)’s share price reached a new 52-week high during trading on Tuesday after the company announced a dividend. The stock traded as high as GBX 3.60 ($0.05) and last traded at GBX 3.52 ($0.05), with a volume of 5500 shares. The stock had previously closed at GBX 3.45 ($0.05).

The newly announced dividend which will be paid on Friday, February 14th. Investors of record on Thursday, January 23rd will be paid a €0.14 ($0.15) dividend. This is an increase from Origin Enterprises’s previous dividend of $0.03. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a yield of 3.96%. Origin Enterprises’s dividend payout ratio is presently 3,953.49%.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of Origin Enterprises in a research note on Tuesday.

Origin Enterprises Trading Up 2.0 %

The stock has a market cap of £3.73 million, a P/E ratio of 8.19 and a beta of 0.72. The firm’s fifty day moving average price is GBX 3.20 and its two-hundred day moving average price is GBX 3.17. The company has a debt-to-equity ratio of 94.70, a current ratio of 1.42 and a quick ratio of 0.69.

About Origin Enterprises

Origin Enterprises plc provides agronomy services company in Ireland, the United Kingdom, Belgium, Brazil, Poland, Romania, Ukraine, and Latin America. It develops products and services to improve soil fertility, nutrient use efficiency, and crop productivity. The company provides integrated agronomy and on-farm services comprising agronomy advice, services, and inputs directly to arable, fruit, and vegetable growers; and seed, nutrients, crop protection products and digital tools.