Harworth Group (LON:HWG) Hits New 52-Week High Following Dividend Announcement

Harworth Group plc (LON:HWG) shares reached a new 52-week high during mid-day trading on Friday after the company announced a dividend. The stock traded as high as GBX 181 ($2.37) and last traded at GBX 179.62 ($2.35), with a volume of 573390 shares trading hands. The stock had previously closed at GBX 175 ($2.29).

The newly announced dividend which will be paid on Thursday, October 24th. Investors of record on Thursday, September 19th will be given a dividend of GBX 0.49 ($0.01) per share. The ex-dividend date is Thursday, September 19th. This represents a yield of 0.29%. Harworth Group’s dividend payout ratio (DPR) is presently 833.33%.

Harworth Group Trading Up 2.3 %

The company has a debt-to-equity ratio of 10.06, a quick ratio of 1.13 and a current ratio of 2.87. The firm has a market cap of £579.32 million, a price-to-earnings ratio of 1,491.67 and a beta of 0.74. The company’s 50-day moving average is GBX 166.18 and its 200-day moving average is GBX 147.63.

Insider Buying and Selling at Harworth Group

In other news, insider Lynda Shillaw acquired 11,245 shares of the company’s stock in a transaction on Friday, September 13th. The stock was purchased at an average cost of GBX 178 ($2.33) per share, with a total value of £20,016.10 ($26,175.10). In related news, insider Katerina Patmore acquired 16,094 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was acquired at an average price of GBX 154 ($2.01) per share, for a total transaction of £24,784.76 ($32,411.09). Also, insider Lynda Shillaw bought 11,245 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were bought at an average price of GBX 178 ($2.33) per share, with a total value of £20,016.10 ($26,175.10). In the last ninety days, insiders have bought 27,625 shares of company stock worth $4,525,102. Insiders own 53.39% of the company’s stock.

About Harworth Group

Harworth Group plc operates as a land and property regeneration company in the North of England and the Midlands. The company operates through Income Generation and Capital Growth segments. The Income Generation segment focuses on generating rental returns from the investment portfolio; rental returns and royalties from energy generation, environmental technologies, and the agricultural portfolio; and income-generating streams from recycled aggregates and secondary coal products.