Workspace Group Plc (LON:WKP) Announces Dividend of GBX 19

Workspace Group Plc (LON:WKP) declared a dividend on Wednesday, June 5th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 4th will be given a dividend of GBX 19 ($0.24) per share on Friday, August 2nd. This represents a yield of 3.45%. The ex-dividend date of this dividend is Thursday, July 4th. This is an increase from Workspace Group’s previous dividend of $9.00. The official announcement can be viewed at this link.

Workspace Group Trading Up 0.5 %

Shares of LON WKP opened at GBX 591 ($7.48) on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.11 and a debt-to-equity ratio of 56.11. The stock has a market capitalization of £1.13 billion, a PE ratio of -506.90, a PEG ratio of 1.54 and a beta of 1.05. Workspace Group has a twelve month low of GBX 449.20 ($5.68) and a twelve month high of GBX 617 ($7.80). The stock has a fifty day simple moving average of GBX 551.16 and a 200-day simple moving average of GBX 527.80.

Insider Activity

In other news, insider Graham Clemett sold 3,597 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of GBX 590 ($7.46), for a total transaction of £21,222.30 ($26,843.28). In other news, insider David Benson sold 19,129 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of GBX 6 ($0.08), for a total value of £1,147.74 ($1,451.73). Also, insider Graham Clemett sold 3,597 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of GBX 590 ($7.46), for a total value of £21,222.30 ($26,843.28). Company insiders own 28.97% of the company’s stock.

Wall Street Analyst Weigh In

WKP has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Workspace Group from GBX 650 ($8.22) to GBX 700 ($8.85) and gave the stock an “overweight” rating in a research note on Thursday, June 6th. Barclays upped their target price on shares of Workspace Group from GBX 550 ($6.96) to GBX 595 ($7.53) and gave the stock an “overweight” rating in a research note on Friday, May 3rd.

Workspace Group Company Profile

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.7 million sq. ft. of sustainable space at 79 locations in London and the South East. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more.