Derwent London Plc (LON:DLN) Declares Dividend Increase – GBX 55 Per Share

Derwent London Plc (LON:DLN) declared a dividend on Wednesday, February 28th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 25th will be given a dividend of GBX 55 ($0.68) per share by the real estate investment trust on Friday, May 31st. This represents a dividend yield of 2.87%. The ex-dividend date is Thursday, April 25th. This is a boost from Derwent London’s previous dividend of $24.50. The official announcement can be seen at this link.

Derwent London Stock Down 1.9 %

DLN stock opened at GBX 2,040 ($25.20) on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.38 and a debt-to-equity ratio of 39.06. The company’s 50 day moving average is GBX 2,054.40 and its 200 day moving average is GBX 2,091.03. The stock has a market cap of £2.29 billion, a price-to-earnings ratio of -490.57, a price-to-earnings-growth ratio of 23.10 and a beta of 0.92. Derwent London has a 1-year low of GBX 1,766 ($21.81) and a 1-year high of GBX 2,452 ($30.29).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 2,512 ($31.03) price objective on shares of Derwent London in a research report on Friday, February 9th.

Derwent London Company Profile

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.