Shaftesbury Capital PLC (LON:SHC) Increases Dividend to GBX 1.65 Per Share

Shaftesbury Capital PLC (LON:SHC) announced a dividend on Thursday, February 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 25th will be given a dividend of GBX 1.65 ($0.02) per share on Friday, May 31st. This represents a yield of 1.36%. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from Shaftesbury Capital’s previous dividend of $1.50. The official announcement can be accessed at this link.

Shaftesbury Capital Stock Up 0.1 %

SHC opened at GBX 135 ($1.67) on Wednesday. The business has a 50 day moving average price of GBX 134.44 and a two-hundred day moving average price of GBX 127.63. The company has a market cap of £2.63 billion, a PE ratio of 299.78 and a beta of 1.11. Shaftesbury Capital has a 52 week low of GBX 101.90 ($1.26) and a 52 week high of GBX 145.60 ($1.80).

Insider Activity at Shaftesbury Capital

In related news, insider Ian Hawksworth bought 88,888 shares of the stock in a transaction on Thursday, February 29th. The shares were purchased at an average price of GBX 124 ($1.53) per share, for a total transaction of £110,221.12 ($136,142.69). 3.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. HSBC raised Shaftesbury Capital to a “buy” rating and set a GBX 149 ($1.84) target price for the company in a research note on Thursday, March 21st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 160 ($1.98) price objective on shares of Shaftesbury Capital in a research note on Tuesday, March 5th.

About Shaftesbury Capital

Shaftesbury Capital PLC ("Shaftesbury Capital") is the leading central London mixed-use REIT and is a constituent of the FTSE-250 Index. Our property portfolio, valued at £4.8 billion at December 2023, extends to 2.9 million square feet of lettable space across the most vibrant areas of London's West End.