Bloomsbury Publishing (LON:BMY) Trading Up 7.9% Following Dividend Announcement

Bloomsbury Publishing Plc (LON:BMY)’s stock price was up 7.9% during trading on Friday following a dividend announcement from the company. The stock traded as high as GBX 754 ($9.79) and last traded at GBX 736 ($9.56). Approximately 679,436 shares traded hands during mid-day trading, an increase of 294% from the average daily volume of 172,431 shares. The stock had previously closed at GBX 682 ($8.85).

The newly announced dividend which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be given a GBX 3.89 ($0.05) dividend. This represents a yield of 0.57%. The ex-dividend date is Thursday, October 31st. Bloomsbury Publishing’s dividend payout ratio (DPR) is 3,846.15%.

Bloomsbury Publishing Price Performance

The company has a debt-to-equity ratio of 4.40, a current ratio of 1.67 and a quick ratio of 1.04. The firm has a market cap of £614.06 million, a price-to-earnings ratio of 1,933.33 and a beta of 0.66. The business’s 50-day moving average price is GBX 685.68 and its two-hundred day moving average price is GBX 641.59.

Insider Buying and Selling

In related news, insider Nigel Newton sold 58,378 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of GBX 713 ($9.26), for a total transaction of £416,235.14 ($540,424.75). 8.26% of the stock is currently owned by company insiders.

Bloomsbury Publishing Company Profile

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions.