U and I Group PLC (UAI) Raises Dividend to GBX 2.80 Per Share

U and I Group PLC (LON:UAI) announced a dividend on Wednesday, April 26th. Investors of record on Thursday, May 11th will be paid a dividend of GBX 2.80 ($0.04) per share on Friday, June 16th. This represents a yield of 1.48%. The ex-dividend date of this dividend is Thursday, May 11th. This is a boost from U and I Group PLC’s previous dividend of $2.40. The official announcement can be seen at this link.

U and I Group PLC (LON:UAI) traded up 2.11% during trading on Friday, hitting GBX 194.00. The company’s stock had a trading volume of 124,080 shares. U and I Group PLC has a 12 month low of GBX 140.00 and a 12 month high of GBX 202.05. The firm has a 50 day moving average of GBX 182.07 and a 200 day moving average of GBX 170.97. The firm’s market cap is GBX 242.78 million.

Dividend History for U and I Group PLC (LON:UAI)

A number of brokerages recently issued reports on UAI. Barclays PLC restated an “overweight” rating and issued a GBX 260 ($3.36) target price (up previously from GBX 250 ($3.23)) on shares of U and I Group PLC in a research note on Tuesday. Peel Hunt lifted their price target on U and I Group PLC from GBX 200 ($2.58) to GBX 230 ($2.97) and gave the company a “buy” rating in a research note on Wednesday, April 26th.

In other U and I Group PLC news, insider Matthew Weiner acquired 17,844 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were purchased at an average cost of GBX 192 ($2.48) per share, for a total transaction of £34,260.48 ($44,224.19).

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About U and I Group PLC

U and I Group PLC, formerly Development Securities PLC, is a property regeneration company. The Company’s segments include Investment, which is engaged in the management of its investment property portfolio, generating rental income and valuation surpluses from property management; Development and trading, including management of its development and trading properties, and Operating, which consists of servicing of office operations.

12 Month Chart for LON:UAI

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