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Bloomsbury Publishing (LON:BMY) Reaches New 12-Month High After Dividend Announcement

Bloomsbury Publishing logo with Communication Services background

Bloomsbury Publishing Plc (LON:BMY - Get Free Report)'s share price reached a new 52-week high during trading on Thursday after the company announced a dividend. The company traded as high as GBX 754 ($9.79) and last traded at GBX 751.48 ($9.76), with a volume of 1367115 shares trading hands. The stock had previously closed at GBX 682 ($8.85).

The newly announced dividend which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be given a GBX 3.89 ($0.05) dividend. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, October 31st. Bloomsbury Publishing's dividend payout ratio is presently 3,846.15%.

Bloomsbury Publishing Trading Up 8.2 %

The company has a debt-to-equity ratio of 4.40, a current ratio of 1.67 and a quick ratio of 1.04. The stock has a market cap of £601.03 million, a price-to-earnings ratio of 1,902.56 and a beta of 0.66. The business's 50 day moving average is GBX 684.24 and its 200 day moving average is GBX 639.32.

Insider Transactions at Bloomsbury Publishing

In related news, insider Nigel Newton sold 58,378 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of GBX 713 ($9.26), for a total transaction of £416,235.14 ($540,424.75). Insiders own 8.26% of the company's stock.

Bloomsbury Publishing Company Profile

(Get Free Report)

Bloomsbury Publishing Plc publishes academic, educational, and general fiction and non-fiction books for children, teachers, students, researchers, and professionals worldwide. The company offers books and digital resources to international research community and higher education students; online law, accounting, and tax services for the United Kingdom and professionals; and publishing services for corporations and institutions.

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