Wynnstay Group Plc (LON:WYN) to Issue Dividend Increase – GBX 11.90 Per Share

Wynnstay Group Plc (LON:WYN) declared a dividend on Tuesday, February 11th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 27th will be paid a dividend of GBX 11.90 ($0.15) per share on Wednesday, April 30th. This represents a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 112.5% increase from Wynnstay Group’s previous dividend of $5.60. The official announcement can be viewed at this link.

Wynnstay Group Stock Down 1.6 %

Shares of LON WYN traded down GBX 4.80 ($0.06) during trading on Tuesday, hitting GBX 300.20 ($3.88). 42,920 shares of the company traded hands, compared to its average volume of 41,193. The business’s fifty day moving average is GBX 304.96 and its 200 day moving average is GBX 312.60. The firm has a market capitalization of £69.18 million, a price-to-earnings ratio of 11.15 and a beta of 0.58. The company has a debt-to-equity ratio of 11.53, a quick ratio of 1.03 and a current ratio of 2.00. Wynnstay Group has a fifty-two week low of GBX 270 ($3.49) and a fifty-two week high of GBX 400 ($5.17).

Wynnstay Group (LON:WYN) last posted its earnings results on Tuesday, February 11th. The company reported GBX 23.78 ($0.31) earnings per share (EPS) for the quarter. Wynnstay Group had a net margin of 0.97% and a return on equity of 4.69%. Equities research analysts predict that Wynnstay Group will post 24.9054054 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WYN. Shore Capital reissued a “house stock” rating on shares of Wynnstay Group in a report on Tuesday. Canaccord Genuity Group cut their price objective on shares of Wynnstay Group from GBX 470 ($6.07) to GBX 430 ($5.56) and set a “buy” rating for the company in a research note on Thursday, February 13th.

Insider Transactions at Wynnstay Group

In other news, insider Gareth Davies sold 3,304 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of GBX 322 ($4.16), for a total value of £10,638.88 ($13,747.10). Also, insider Stephen John Ellwood acquired 1,500 shares of the stock in a transaction dated Wednesday, February 19th. The shares were bought at an average cost of GBX 328 ($4.24) per share, for a total transaction of £4,920 ($6,357.41). Insiders own 26.31% of the company’s stock.

About Wynnstay Group

Wynnstay is a leading UK provider of agricultural supplies and services to farmers and rural communities, mainly in England and Wales. It manufactures and supplies a comprehensive range of agricultural inputs for both livestock and arable farmers, including feed, seed and fertiliser. Through its crop marketing arm, GrainLink, it also provides a channel for arable farmers to sell their grain, and its specialist teams provide advice on the latest farming techniques, including environmental measures, and animal health and nutrition.

Wynnstay supplies both direct-to-farm and via its extensive network of depots.