Redrow plc (LON:RDW) declared a dividend on Tuesday, September 5th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 21st will be given a dividend of GBX 11 ($0.14) per share on Tuesday, November 14th. This represents a yield of 1.74%. The ex-dividend date is Thursday, September 21st. This is a positive change from Redrow plc’s previous dividend of $6.00. The official announcement can be accessed at this link.
Redrow plc (RDW) traded down 0.72% on Friday, reaching GBX 548.50. 1,593,837 shares of the company’s stock were exchanged. The firm’s 50-day moving average is GBX 596.82 and its 200-day moving average is GBX 558.15. Redrow plc has a 12 month low of GBX 366.50 and a 12 month high of GBX 666.00. The firm’s market cap is GBX 1.98 billion.
RDW has been the subject of a number of analyst reports. Liberum Capital raised their target price on shares of Redrow plc from GBX 561 ($7.25) to GBX 601 ($7.76) and gave the company a “buy” rating in a research report on Wednesday, July 19th. Jefferies Group LLC lifted their price objective on shares of Redrow plc from GBX 666 ($8.60) to GBX 682 ($8.81) and gave the company a “buy” rating in a research report on Monday, June 26th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 600 ($7.75) price objective on shares of Redrow plc in a research report on Friday, July 7th. Barclays PLC lifted their price objective on shares of Redrow plc from GBX 558 ($7.21) to GBX 630 ($8.14) and gave the company an “overweight” rating in a research report on Thursday, July 13th. Finally, Deutsche Bank AG lifted their price objective on shares of Redrow plc from GBX 548 ($7.08) to GBX 549 ($7.09) and gave the company a “hold” rating in a research report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 637.17 ($8.23).
In other Redrow plc news, insider Steve Morgan sold 12,950,000 shares of Redrow plc stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of GBX 590 ($7.62), for a total value of £76,405,000 ($98,676,223.69). Also, insider Graham Cope sold 6,666 shares of Redrow plc stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of GBX 585 ($7.56), for a total transaction of £38,996.10 ($50,363.04). In the last 90 days, insiders have sold 13,046,113 shares of company stock valued at $7,700,482,879.
TRADEMARK VIOLATION WARNING: “Redrow plc (RDW) to Issue Dividend of GBX 11” was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.chaffeybreeze.com/2017/09/16/redrow-plc-rdw-to-issue-dividend-of-gbx-11.html.
Redrow plc Company Profile
Redrow PLC is engaged in residential housing development. The Company is engaged in constructing homes throughout England and Wales. The Company’s operations are focused on housebuilding. Its product range is focused on traditional family housing in its regional businesses and apartment schemes in Greater London.
Receive News & Ratings for Redrow plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redrow plc and related companies with MarketBeat.com's FREE daily email newsletter.