Castings PLC (CGS) to Issue Dividend Increase – GBX 10.59 Per Share
Castings PLC (LON:CGS) declared a dividend on Wednesday, June 14th, Upcoming.Co.Uk reports. Investors of record on Thursday, July 13th will be given a dividend of GBX 10.59 ($0.13) per share on Friday, August 18th. This represents a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, July 13th. This is a positive change from Castings PLC’s previous dividend of $3.38. The official announcement can be accessed at this link.
Castings PLC (CGS) traded down 2.43% on Wednesday, hitting GBX 457.50. 10,332 shares of the company traded hands. Castings PLC has a 12 month low of GBX 388.10 and a 12 month high of GBX 490.00. The stock’s 50-day moving average is GBX 475.40 and its 200 day moving average is GBX 450.83. The firm’s market capitalization is GBX 199.62 million.
Separately, Peel Hunt upped their price objective on shares of Castings PLC from GBX 410 ($5.19) to GBX 460 ($5.82) and gave the company an “add” rating in a research note on Wednesday, April 5th.
COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/06/14/castings-plc-cgs-to-issue-dividend-increase-gbx-10-59-per-share.html.
About Castings PLC
Castings P.L.C. is an iron casting and machining company. The Company caters to both domestic and export markets. Its segments include Foundry operations and Machining. The Company has over three trading operations, including Castings (Brownhills), William Lee Limited and CNC Speedwell Limited. Castings (Brownhills) supplies spheroidal graphite (SG) iron castings to a range of manufacturing industries from its mechanized foundries.
Receive News & Ratings for Castings PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Castings PLC and related companies with MarketBeat.com's FREE daily email newsletter.