Franchise Brands plc (LON:FRAN) to Issue Dividend Increase – GBX 1.30 Per Share

Franchise Brands plc (LON:FRAN) announced a dividend on Thursday, March 27th, Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, May 8th will be paid a dividend of GBX 1.30 ($0.02) per share on Friday, May 23rd. This represents a yield of 0.95%. The ex-dividend date is Thursday, May 8th. This is a 18.2% increase from Franchise Brands’s previous dividend of $1.10. The official announcement can be accessed at this link.

Franchise Brands Price Performance

Shares of Franchise Brands stock opened at GBX 141 ($1.83) on Friday. The business’s 50-day moving average price is GBX 143.21 and its 200-day moving average price is GBX 152.95. The firm has a market capitalization of £272.53 million, a PE ratio of 35.40 and a beta of 0.82. Franchise Brands has a 12 month low of GBX 131 ($1.70) and a 12 month high of GBX 210 ($2.72). The company has a current ratio of 1.39, a quick ratio of 1.57 and a debt-to-equity ratio of 42.67.

Franchise Brands (LON:FRAN) last issued its quarterly earnings results on Thursday, March 27th. The company reported GBX 8.59 ($0.11) EPS for the quarter. Franchise Brands had a net margin of 6.43% and a return on equity of 3.60%. Sell-side analysts forecast that Franchise Brands will post 11.3266098 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Peter Kear purchased 35,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were acquired at an average cost of GBX 136 ($1.76) per share, with a total value of £47,600 ($61,610.15). Also, insider Louise George acquired 100,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of GBX 148 ($1.92) per share, with a total value of £148,000 ($191,560.96). 39.04% of the stock is currently owned by insiders.

Franchise Brands Company Profile

Franchise Brands is an international, multi-brand franchisor focused on building market-leading businesses primarily via a franchise model. The Group has a combined network of over 625 franchisees across seven franchise brands in ten countries covering the UK, North America and Europe.

Franchise Brands’ focus is on B2B van-based reactive and planned services.