Big Yellow Group Plc (LON:BYG) Announces GBX 22.60 Dividend

Big Yellow Group Plc (LON:BYG) declared a dividend on Monday, May 20th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 4th will be given a dividend of GBX 22.60 ($0.29) per share on Friday, July 26th. This represents a yield of 1.92%. The ex-dividend date of this dividend is Thursday, July 4th. The official announcement can be seen at this link.

Big Yellow Group Stock Performance

Shares of BYG opened at GBX 1,186 ($15.00) on Wednesday. The stock has a market capitalization of £2.33 billion, a PE ratio of 1,156.44, a price-to-earnings-growth ratio of 2.40 and a beta of 0.63. The business’s fifty day moving average price is GBX 1,176.25 and its 200 day moving average price is GBX 1,123.24. The company has a debt-to-equity ratio of 16.76, a current ratio of 0.36 and a quick ratio of 0.29. Big Yellow Group has a 12-month low of GBX 901 ($11.40) and a 12-month high of GBX 1,272 ($16.09).

Wall Street Analyst Weigh In

BYG has been the subject of a number of recent research reports. Berenberg Bank boosted their price objective on shares of Big Yellow Group from GBX 1,186 ($15.00) to GBX 1,285 ($16.25) and gave the company a “hold” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. raised their price target on Big Yellow Group from GBX 1,315 ($16.63) to GBX 1,385 ($17.52) and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,359 ($17.19) price objective on shares of Big Yellow Group in a research report on Tuesday, May 21st.

Insiders Place Their Bets

In other Big Yellow Group news, insider Nicholas Vetch purchased 8,038 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were bought at an average price of GBX 1,238 ($15.66) per share, with a total value of £99,510.44 ($125,866.99). 6.18% of the stock is owned by insiders.

Big Yellow Group Company Profile

Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 109 stores, including 24 stores branded as Armadillo Self Storage. We have a pipeline of 0.9 million sq ft comprising 13 proposed Big Yellow self storage facilities. The current maximum lettable area of the existing platform (including Armadillo) is 6.4 million sq ft.