Landsec (LAND) Increases Dividend to GBX 14.65 Per Share

Landsec (LON:LAND) announced a dividend on Tuesday, May 15th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 21st will be given a dividend of GBX 14.65 ($0.20) per share on Friday, July 27th. This represents a yield of 1.54%. The ex-dividend date of this dividend is Thursday, June 21st. This is an increase from Landsec’s previous dividend of $9.85. The official announcement can be viewed at this link.

LAND stock traded down GBX 1 ($0.01) during midday trading on Wednesday, hitting GBX 949 ($12.87). 896,976 shares of the stock traded hands, compared to its average volume of 2,210,000. Landsec has a 1-year low of GBX 900.20 ($12.21) and a 1-year high of GBX 1,141 ($15.48).

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In other Landsec news, insider Stacey Rauch purchased 500 shares of the firm’s stock in a transaction dated Monday, March 19th. The shares were purchased at an average cost of GBX 908 ($12.32) per share, with a total value of 拢4,540 ($6,158.44). Also, insider Nicholas Cadbury purchased 2,700 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was acquired at an average cost of GBX 918 ($12.45) per share, for a total transaction of 拢24,786 ($33,621.81).

Several research firms recently commented on LAND. Peel Hunt restated a “hold” rating and set a GBX 950 ($12.89) price target on shares of Landsec in a research report on Wednesday, January 17th. Jefferies Group reiterated a “hold” rating and issued a GBX 860 ($11.67) target price on shares of Landsec in a research report on Thursday, January 18th. Liberum Capital reiterated a “buy” rating on shares of Landsec in a research report on Tuesday. Deutsche Bank reiterated a “hold” rating on shares of Landsec in a research report on Monday, February 26th. Finally, Numis Securities reiterated a “hold” rating and issued a GBX 1,012 ($13.73) target price (up previously from GBX 976 ($13.24)) on shares of Landsec in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,024 ($13.89).

Landsec Company Profile

At Landsec, we believe great places are for people to experience and are made with the experience of great people. As the UK's largest listed commercial property company, with 23.7 million sq ft of real estate and a portfolio valued at 拢14.2 billion, we own and manage some of the most successful and recognisable assets in the country.

Dividend History for Landsec (LON:LAND)

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