Burford Capital Limited (BUR) to Issue Semi-Annual Dividend of $0.06 on December 5th

Burford Capital Limited (NYSE:BUR) announced a Semi-Annual dividend on Thursday, August 8th, Zacks reports. Investors of record on Friday, November 1st will be paid a dividend of 0.063 per share on Thursday, December 5th. This represents a yield of 2%. The ex-dividend date of this dividend is Friday, November 1st.

Burford Capital has a payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Burford Capital to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 14.3%.

Burford Capital Stock Performance

Burford Capital stock opened at $13.50 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 11.01 and a current ratio of 11.01. Burford Capital has a one year low of $12.07 and a one year high of $16.77. The stock’s 50 day moving average price is $13.32 and its 200 day moving average price is $13.74. The firm has a market capitalization of $2.96 billion, a PE ratio of 7.63 and a beta of 0.53.

Burford Capital (NYSE:BUR) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10). The firm had revenue of $159.65 million for the quarter, compared to analyst estimates of $153.00 million. Burford Capital had a net margin of 45.81% and a return on equity of 12.58%. As a group, sell-side analysts expect that Burford Capital will post 1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BUR has been the subject of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating and set a $22.50 price objective on shares of Burford Capital in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Burford Capital in a research report on Friday, September 6th. They set a “buy” rating and a $18.00 price target for the company. Finally, Wedbush reaffirmed an “outperform” rating and issued a $18.00 price target on shares of Burford Capital in a report on Friday, August 9th.

Burford Capital Company Profile

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.