Nigel Wray Sells 7,000,000 Shares of Franchise Brands plc (LON:FRAN) Stock

Franchise Brands plc (LON:FRAN) insider Nigel Wray sold 7,000,000 shares of Franchise Brands stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of GBX 160 ($2.11), for a total value of £11,200,000 ($14,795,244.39).

Franchise Brands Stock Performance

Shares of FRAN opened at GBX 160.50 ($2.12) on Friday. The company has a market capitalization of £308.51 million, a PE ratio of 8,025.00 and a beta of 0.82. The company has a debt-to-equity ratio of 44.11, a quick ratio of 1.57 and a current ratio of 1.30. The company’s 50 day moving average price is GBX 174.15 and its 200 day moving average price is GBX 177.57. Franchise Brands plc has a 52 week low of GBX 130 ($1.72) and a 52 week high of GBX 210 ($2.77).

Franchise Brands Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd will be paid a GBX 1.10 ($0.01) dividend. The ex-dividend date is Thursday, October 3rd. This represents a yield of 0.69%. Franchise Brands’s dividend payout ratio (DPR) is currently 10,000.00%.

Franchise Brands Company Profile

Franchise Brands plc, through its subsidiaries, engages in franchising and related activities in the United Kingdom and internationally. The company operates through B2B, Filta International, B2C, and Azura segments. It offers drain clearance solutions to commercial customers, including facilities management, construction, manufacturing, education, retail, insurance, water utilities, and public sectors under the Metro Rod name; emergency plumbing services under the Metro Plumb name; fryer management and grease, drain management, and cooking oil filtration services to restaurants, supermarkets, stadiums, healthcare, education, hotels, and amusement parks under the Filta name; and designs, installs, and services adoptable and non-adoptable pump stations under the Willow Pumps name.