Clipper Logistics PLC (LON:CLG) announced a dividend on Friday, August 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 19th will be paid a dividend of GBX 6.50 ($0.08) per share on Wednesday, October 23rd. This represents a dividend yield of 2.97%. The ex-dividend date is Thursday, September 19th. This is an increase from Clipper Logistics’s previous dividend of $3.20. The official announcement can be viewed at this link.
Shares of Clipper Logistics stock opened at GBX 214 ($2.80) on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.89 and a debt-to-equity ratio of 168.50. The firm has a market cap of $217.54 million and a P/E ratio of 16.34. Clipper Logistics has a fifty-two week low of GBX 210 ($2.74) and a fifty-two week high of GBX 314.50 ($4.11). The business has a 50-day moving average price of GBX 238.75 and a 200 day moving average price of GBX 263.67.
Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 320 ($4.18) price objective on shares of Clipper Logistics in a report on Tuesday, August 27th.
Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom, Germany, and rest of Europe. The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. It offers e-fulfilment, returns management, port deconsolidation logistics, retail consolidation, multichannel, warehousing, secure logistics, transportation, and contract packaging services.
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