Law Debenture (LON:LWDB) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Law Debenture Co. (LON:LWDB) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 903.42 ($11.70) and traded as high as GBX 905 ($11.72). Law Debenture shares last traded at GBX 898 ($11.63), with a volume of 299,885 shares traded.

Law Debenture Price Performance

The stock has a market capitalization of £1.19 billion, a price-to-earnings ratio of 8.36 and a beta of 0.93. The company has a debt-to-equity ratio of 18.53, a current ratio of 3.01 and a quick ratio of 3.21. The company has a 50-day simple moving average of GBX 903.42 and a two-hundred day simple moving average of GBX 892.31.

Law Debenture (LON:LWDB) last released its quarterly earnings data on Wednesday, March 12th. The investment trust reported GBX 33.48 ($0.43) earnings per share for the quarter. Law Debenture had a net margin of 69.85% and a return on equity of 15.91%.

Law Debenture Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Thursday, March 20th will be given a dividend of GBX 9.50 ($0.12) per share. The ex-dividend date is Thursday, March 20th. This is an increase from Law Debenture’s previous dividend of $8.00. This represents a dividend yield of 1.04%. Law Debenture’s payout ratio is currently 29.78%.

About Law Debenture

LawDeb is a rare proposition; an investment trust with an independent professional services business. Our goal is to achieve long term capital growth in real terms and steadily increasing income.