Renew Holdings plc (LON:RNWH) Announces Dividend Increase - GBX 12.67 Per Share

Renew Holdings plc (LON:RNWH - Get Free Report) announced a dividend on Tuesday, November 26th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, February 6th will be given a dividend of GBX 12.67 ($0.16) per share on Friday, March 14th. This represents a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from Renew's previous dividend of $6.33. The official announcement can be viewed at this link.

Renew Price Performance

LON RNWH traded down GBX 42 ($0.53) during trading hours on Tuesday, reaching GBX 1,038 ($13.04). The company's stock had a trading volume of 198,894 shares, compared to its average volume of 170,720. The company has a debt-to-equity ratio of 10.41, a current ratio of 0.95 and a quick ratio of 0.81. Renew has a 1-year low of GBX 783 ($9.83) and a 1-year high of GBX 1,296 ($16.28). The company's 50-day moving average is GBX 1,089.44 and its two-hundred day moving average is GBX 1,075.95. The firm has a market capitalization of £821.47 million, a price-to-earnings ratio of 1,717.74 and a beta of 1.06.

Analysts Set New Price Targets

Separately, Shore Capital restated a "buy" rating on shares of Renew in a report on Friday, October 4th.

Renew Company Profile

Renew Holdings plc operates as a contractor in the field of engineering services and specialist building in the United Kingdom. The company engages in the provision of services to the rail, telecoms, water, highways, and energy networks. It offers operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering services; geotechnical and earthworks; plant, power, and signaling renewals; 24/7 emergency services; asset renewal and refurbishment; tunnel and shaft refurbishment, fencing, and devegetation; and in-house design services, as well as wireless telecoms installations; critical planned and reactive maintenance and renewals; acquisition, planning and design services; 3G, 4G, 5G, and Wi-Fi technologies; temporary sites and special events; and maintenance and decommissioning services.