M J Gleeson Group PLC (GLE) Declares Dividend of GBX 10

M J Gleeson Group PLC (LON:GLE) declared a dividend on Monday, September 26th. Stockholders of record on Thursday, November 17th will be given a dividend of GBX 10 ($0.13) per share on Thursday, December 15th. This represents a dividend yield of 1.65%. The ex-dividend date is Thursday, November 17th. This is an increase from M J Gleeson Group PLC’s previous dividend of $4.50. The official announcement can be viewed at this link.

M J Gleeson Group PLC (LON:GLE) opened at 603.00 on Tuesday. M J Gleeson Group PLC has a 12-month low of GBX 385.00 and a 12-month high of GBX 630.00. The stock has a 50 day moving average of GBX 561.04 and a 200-day moving average of GBX 544.88. The company’s market capitalization is GBX 324.15 million.

In related news, insider Gleeson,Dermot J purchased 11,988 shares of M J Gleeson Group PLC stock in a transaction dated Wednesday, June 29th. The shares were acquired at an average price of GBX 415 ($5.42) per share, for a total transaction of £49,750.20 ($64,939.56).

A number of brokerages have weighed in on GLE. Liberum Capital raised their price objective on M J Gleeson Group PLC from GBX 526 ($6.87) to GBX 660 ($8.62) and gave the company a “buy” rating in a report on Friday. N+1 Singer reiterated a “corporate” rating on shares of M J Gleeson Group PLC in a report on Monday.

M J Gleeson Group PLC Company Profile

M J Gleeson Group PLC is engaged in house building on brownfield land in the North of England with an emphasis on homes for local communities, and land trading, in the South of England, and benefiting from the enhancement of the value of green field sites by securing residential planning consents. The Company’s subsidiaries are engaged in provision of bid management; construction services; house building, housing regeneration and strategic land trading; investment in equity shares and loan stock of project companies delivering services under the Government’s private finance initiative; commercial property development; house building and housing regeneration; strategic land trading, and house building and housing regeneration.

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