Dowlais Group plc (LON:DWL) Increases Dividend to GBX 2.80 Per Share

Dowlais Group plc (LON:DWL) declared a dividend on Wednesday, March 5th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 17th will be paid a dividend of GBX 2.80 ($0.04) per share on Thursday, May 29th. This represents a dividend yield of 4.27%. The ex-dividend date is Thursday, April 17th. This is a 100.0% increase from Dowlais Group’s previous dividend of $1.40. The official announcement can be viewed at this link.

Dowlais Group Stock Up 1.7 %

DWL stock opened at GBX 54.95 ($0.72) on Tuesday. The firm has a 50-day simple moving average of GBX 64.56 and a 200-day simple moving average of GBX 61.53. Dowlais Group has a 52 week low of GBX 46.98 ($0.62) and a 52 week high of GBX 84.70 ($1.12). The stock has a market capitalization of £743.09 million and a P/E ratio of -1.45.

Dowlais Group (LON:DWL) last issued its quarterly earnings results on Wednesday, March 5th. The company reported GBX 11.40 ($0.15) EPS for the quarter. Dowlais Group had a negative return on equity of 21.02% and a negative net margin of 11.24%. On average, analysts expect that Dowlais Group will post 13.5660848 earnings per share for the current year.

Insider Activity

In related news, insider Liam Butterworth bought 86,532 shares of the company’s stock in a transaction on Monday, March 10th. The stock was bought at an average cost of GBX 67 ($0.88) per share, for a total transaction of £57,976.44 ($76,445.73). Company insiders own 1.78% of the company’s stock.

Dowlais Group Company Profile

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.