Town Centre Securities Plc (LON:TOWN) Increases Dividend to GBX 8.50 Per Share

Town Centre Securities Plc (LON:TOWN) declared a dividend on Tuesday, September 24th, Upcoming.Co.Uk reports. Investors of record on Thursday, December 5th will be given a dividend of GBX 8.50 ($0.11) per share on Tuesday, January 7th. This represents a yield of 4.66%. The ex-dividend date of this dividend is Thursday, December 5th. This is a positive change from Town Centre Securities’s previous dividend of $3.25. The official announcement can be accessed at this link.

TOWN opened at GBX 228.60 ($2.99) on Wednesday. The firm has a 50-day simple moving average of GBX 207.54 and a two-hundred day simple moving average of GBX 199.80. Town Centre Securities has a 52 week low of GBX 164 ($2.14) and a 52 week high of GBX 252.50 ($3.30). The company has a market capitalization of $121.21 million and a PE ratio of -9.73. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 109.24.

A number of equities research analysts recently commented on TOWN shares. Peel Hunt reiterated a “buy” rating on shares of Town Centre Securities in a research report on Tuesday. Liberum Capital reaffirmed a “buy” rating on shares of Town Centre Securities in a research note on Friday, October 4th.

Town Centre Securities Company Profile

Town Centre Securities PLC (TCS) is a leading UK property investment & development company with property assets of over £400 million. With more than 50 years' experience, a commitment to sustainable development and a reputation for quality & innovation, TCS create outstanding mixed use developments close to transport hubs in Leeds, Manchester, Glasgow and London.

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Dividend History for Town Centre Securities (LON:TOWN)

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