Burford Capital Limited (NYSE:BUR) to Issue $0.06 Semi-annual Dividend

Burford Capital Limited (NYSE:BUR - Get Free Report) announced a semi-annual dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Friday, May 23rd will be paid a dividend of 0.0625 per share on Friday, June 13th. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 23rd.

Burford Capital has a payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Burford Capital to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 14.6%.

Burford Capital Trading Down 1.5 %

Shares of Burford Capital stock traded down $0.21 on Friday, hitting $13.50. 1,021,665 shares of the company's stock traded hands, compared to its average volume of 965,828. Burford Capital has a one year low of $12.07 and a one year high of $16.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 15.75 and a quick ratio of 15.75. The company has a fifty day moving average of $14.06 and a two-hundred day moving average of $13.62. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 11.64 and a beta of 0.44.

Burford Capital (NYSE:BUR - Get Free Report) last announced its earnings results on Monday, March 3rd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.56 by ($0.62). Burford Capital had a net margin of 34.81% and a return on equity of 8.07%. The business had revenue of $65.69 million for the quarter, compared to the consensus estimate of $219.38 million. As a group, sell-side analysts expect that Burford Capital will post 1.28 earnings per share for the current year.

Remove Ads

Insider Activity at Burford Capital

In other Burford Capital news, President Aviva O. Will sold 7,500 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $109,575.00. Following the transaction, the president now owns 310,979 shares in the company, valued at approximately $4,543,403.19. This represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher P. Bogart sold 90,000 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $14.61, for a total value of $1,314,900.00. Following the completion of the transaction, the chief executive officer now owns 452,185 shares in the company, valued at approximately $6,606,422.85. The trade was a 16.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,500 shares of company stock worth $1,468,305 in the last 90 days. Corporate insiders own 0.19% of the company's stock.

Burford Capital Company Profile

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.