Speedy Hire Plc (LON:SDY) declared a dividend on Wednesday, May 15th, Upcoming.Co.Uk reports. Investors of record on Thursday, July 4th will be paid a dividend of GBX 1.40 ($0.02) per share on Friday, August 9th. This represents a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, July 4th. This is an increase from Speedy Hire’s previous dividend of $0.60. The official announcement can be viewed at this link.
Shares of Speedy Hire stock traded up GBX 0.80 ($0.01) on Wednesday, hitting GBX 63.20 ($0.83). The company’s stock had a trading volume of 1,392,969 shares, compared to its average volume of 453,619. The company has a quick ratio of 1.10, a current ratio of 1.19 and a debt-to-equity ratio of 36.10. Speedy Hire has a 1 year low of GBX 53.40 ($0.70) and a 1 year high of GBX 66 ($0.86). The firm has a market cap of $331.17 million and a PE ratio of 16.21.
Several brokerages recently weighed in on SDY. Liberum Capital restated a “buy” rating and issued a GBX 74 ($0.97) price target on shares of Speedy Hire in a research note on Wednesday. Peel Hunt restated a “buy” rating on shares of Speedy Hire in a research note on Wednesday.
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Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom, Ireland, the United Arab Emirates, and internationally. The company hires a range of tools and accessories, including access, lighting, survey, lifting, rail, safety equipment and ATEX, plant, site and traffic management, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.
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