Castings P.L.C. (LON:CGS) Raises Dividend to GBX 15 Per Share

Castings P.L.C. (LON:CGSGet Rating) announced a dividend on Wednesday, June 15th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 23rd will be paid a dividend of GBX 15 ($0.18) per share on Tuesday, July 26th. This represents a dividend yield of 5.17%. The ex-dividend date is Thursday, June 23rd. This is a positive change from Castings’s previous dividend of $12.57. The official announcement can be accessed at this link.

Shares of LON:CGS opened at GBX 354 ($4.34) on Wednesday. The company has a market cap of £154.20 million and a P/E ratio of 17.50. Castings has a one year low of GBX 282 ($3.45) and a one year high of GBX 420 ($5.14). The business’s 50-day simple moving average is GBX 314.51 and its 200 day simple moving average is GBX 331.21.

In other Castings news, insider Brian J. Cooke acquired 5,000 shares of the company’s stock in a transaction on Wednesday, April 6th. The shares were bought at an average cost of GBX 304 ($3.72) per share, for a total transaction of £15,200 ($18,618.32). Also, insider Steve Mant acquired 3,100 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were acquired at an average price of GBX 318 ($3.90) per share, for a total transaction of £9,858 ($12,074.96). Insiders have acquired a total of 11,100 shares of company stock worth $3,432,800 over the last 90 days.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 530 ($6.49) target price on shares of Castings in a report on Wednesday, May 4th.

About Castings (Get Rating)

Castings P.L.C. engages in the iron casting and machining activities. It operates through Foundry Operations and Machining Operations segments. The company offers ductile iron, spheroidal graphite iron, austempered ductile iron, SiMo, grey iron, and Ni-resist castings. It also provides fertilising solution annealing, pearlitic quench and temper, temper softening, and austempering heat treatment services; automotive standard e-coat and powder coating, galvanising, plating, gas based surface treatment, and plastic and metal spray coating services; and assembly and insulation services.

See Also

Dividend History for Castings (LON:CGS)

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