Reach (LON:RCH) Shares Down 0.4%

Reach plc (LON:RCH) dropped 0.4% during mid-day trading on Tuesday . The company traded as low as GBX 75.60 ($0.96) and last traded at GBX 76.20 ($0.96). Approximately 464,048 shares traded hands during trading, a decline of 40% from the average daily volume of 774,916 shares. The stock had previously closed at GBX 76.50 ($0.97).

Reach Trading Down 0.4 %

The business’s 50 day moving average price is GBX 66.30 and its 200-day moving average price is GBX 72.20. The company has a current ratio of 0.86, a quick ratio of 0.98 and a debt-to-equity ratio of 9.92. The company has a market cap of £242.30 million, a price-to-earnings ratio of 1,088.57, a PEG ratio of -0.37 and a beta of 0.92.

Reach Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 9th will be paid a dividend of GBX 4.46 ($0.06) per share. This represents a dividend yield of 7.5%. The ex-dividend date is Thursday, May 9th. This is a boost from Reach’s previous dividend of $2.88. Reach’s dividend payout ratio (DPR) is currently 10,000.00%.

About Reach

Reach plc operates as a national and regional news publisher in the United Kingdom and Ireland. The company has various national and regional brands across print and online, including Mirror, Express, Daily Star, Daily Record, Manchester Evening News, Liverpool Echo, Irish Star, OK! magazine, WalesOnline, MyLondon, and Curiously, as well as HullLive, edinburghlive, LeicestershireLive, CorkBeo, ChronicleLive, ECHO, TeessideLive, AberdeenLive, Devon Live, YorkshireLive, football.london, BirminghamLive, new, BristolLive, and Belfastlive.