British Land Company PLC (OTCMKTS:BTLCY) to Issue Dividend Increase – $0.10 Per Share

British Land Company PLC (OTCMKTS:BTLCY) announced a dividend on Tuesday, November 14th, NASDAQ reports. Shareholders of record on Friday, November 24th will be given a dividend of 0.1049 per share by the financial services provider on Tuesday, January 16th. The ex-dividend date is Wednesday, November 22nd. This is a boost from British Land’s previous dividend of $0.10.

British Land Stock Performance

BTLCY stock opened at $4.32 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.27 and a quick ratio of 0.27. The company’s 50-day moving average is $3.76 and its 200-day moving average is $4.07. British Land has a 1 year low of $3.48 and a 1 year high of $5.88.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BTLCY. BNP Paribas upgraded British Land from a “neutral” rating to an “outperform” rating in a report on Friday, October 13th. JPMorgan Chase & Co. lowered shares of British Land from an “overweight” rating to a “neutral” rating in a research note on Monday, September 4th. Finally, Jefferies Financial Group lowered shares of British Land from a “hold” rating to an “underperform” rating in a research note on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $420.67.

About British Land

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.