Vertu Motors plc (LON:VTU) Declares Dividend of GBX 1.50

Vertu Motors plc (LON:VTU) announced a dividend on Wednesday, May 15th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 27th will be paid a dividend of GBX 1.50 ($0.02) per share on Friday, July 26th. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, June 27th. This is a boost from Vertu Motors’s previous dividend of $0.85. The official announcement can be seen at this link.

Vertu Motors Stock Down 1.0 %

Shares of LON VTU traded down GBX 0.78 ($0.01) during midday trading on Wednesday, hitting GBX 76.83 ($0.97). 1,623,325 shares of the company’s stock were exchanged, compared to its average volume of 624,560. The company has a debt-to-equity ratio of 58.72, a current ratio of 1.03 and a quick ratio of 0.26. Vertu Motors has a twelve month low of GBX 62.10 ($0.79) and a twelve month high of GBX 88.02 ($1.12). The company has a market cap of £255.99 million, a PE ratio of 1,108.57 and a beta of 1.01. The firm’s fifty day simple moving average is GBX 75.77 and its 200-day simple moving average is GBX 70.40.

Insiders Place Their Bets

In other news, insider David Crane purchased 2,222 shares of the business’s stock in a transaction on Monday, June 10th. The shares were bought at an average price of GBX 80 ($1.01) per share, with a total value of £1,777.60 ($2,254.98). In other news, insider Jonathan Mark Mewett purchased 50,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were bought at an average price of GBX 80 ($1.01) per share, with a total value of £40,000 ($50,742.10). Also, insider David Crane purchased 2,222 shares of the business’s stock in a transaction on Monday, June 10th. The shares were purchased at an average cost of GBX 80 ($1.01) per share, for a total transaction of £1,777.60 ($2,254.98). 29.22% of the stock is currently owned by corporate insiders.

About Vertu Motors

Vertu Motors plc operates as an automotive retailer in the United Kingdom. The company sells new and used cars and motorcycles, vans, motability cars, and commercial vehicles, as well as provides related aftersales services. It operates chain of franchised dealerships offering sales, service, parts, and bodyshop facilities for new and used cars, and commercial vehicles under the Bristol Street Motors, Macklin Motors, and Vertu Motors.