Dowlais Group plc (DWL) to Issue Dividend of GBX 2.80 on May 30th

Dowlais Group plc (LON:DWL) announced a dividend on Thursday, March 21st, Upcoming.Co.Uk reports. Investors of record on Thursday, April 18th will be given a dividend of GBX 2.80 ($0.03) per share on Thursday, May 30th. This represents a yield of 3.11%. The ex-dividend date is Thursday, April 18th. This is a positive change from Dowlais Group’s previous dividend of $1.40. The official announcement can be accessed at this link.

Dowlais Group Price Performance

DWL opened at GBX 79.38 ($0.99) on Tuesday. The firm has a market cap of £1.10 billion and a P/E ratio of -224.03. Dowlais Group has a 1-year low of GBX 74.45 ($0.93) and a 1-year high of GBX 148 ($1.84). The company has a 50 day simple moving average of GBX 84.47 and a two-hundred day simple moving average of GBX 94.44.

Insider Buying and Selling

In other Dowlais Group news, insider Shali Vasudeva bought 24,215 shares of Dowlais Group stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of GBX 82 ($1.02) per share, with a total value of £19,856.30 ($24,718.41). In related news, insider Shali Vasudeva bought 24,215 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was acquired at an average price of GBX 82 ($1.02) per share, with a total value of £19,856.30 ($24,718.41). Also, insider Roberto Fioroni purchased 167,179 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was bought at an average cost of GBX 81 ($1.01) per share, for a total transaction of £135,414.99 ($168,573.37). Corporate insiders own 1.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 150 ($1.87) price target on shares of Dowlais Group in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, Dowlais Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 176.67 ($2.20).

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.