Balfour Beatty (BBY) Announces Dividend Increase – GBX 2.40 Per Share

Balfour Beatty (LON:BBY) announced a dividend on Wednesday, March 14th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 19th will be given a dividend of GBX 2.40 ($0.03) per share on Friday, July 6th. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, April 19th. This is a boost from Balfour Beatty’s previous dividend of $1.20. The official announcement can be seen at this link.

LON:BBY opened at GBX 283.30 ($4.06) on Wednesday. Balfour Beatty has a 52-week low of GBX 252.50 ($3.62) and a 52-week high of GBX 311.70 ($4.46).

Balfour Beatty (LON:BBY) last released its earnings results on Wednesday, March 14th. The company reported GBX 20.90 ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 18.80 ($0.27) by GBX 2.10 ($0.03). The business had revenue of GBX 691.60 billion for the quarter. Balfour Beatty had a return on equity of 3.68% and a net margin of 0.40%.

In other Balfour Beatty news, insider Philip Harrison sold 11,802 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of GBX 284 ($4.07), for a total transaction of £33,517.68 ($47,992.10).

A number of brokerages have weighed in on BBY. Liberum Capital reissued a “buy” rating and set a GBX 350 ($5.01) price target on shares of Balfour Beatty in a research report on Monday, January 15th. Numis Securities raised Balfour Beatty to a “buy” rating and set a GBX 350 ($5.01) price target on the stock in a research report on Thursday, January 18th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 340 ($4.87) price target on shares of Balfour Beatty in a research report on Friday, January 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of GBX 335.60 ($4.81).

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Balfour Beatty Company Profile

Balfour Beatty plc finances, develops, builds, and maintains infrastructure in the United Kingdom, the United States, and internationally. It operates through Construction Services, Support Services, and Infrastructure Investments segments. The Construction Services segment offers building, civil and ground engineering, mechanical and electrical services, rail engineering, and refurbishment and fit-out services.

Dividend History for Balfour Beatty (LON:BBY)

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