Conviviality PLC (LON:CVR) Raises Dividend to GBX 8.40 Per Share
Conviviality PLC (LON:CVR) announced a dividend on Monday, July 17th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 7th will be given a dividend of GBX 8.40 ($0.11) per share on Thursday, October 5th. This represents a yield of 2.52%. The ex-dividend date is Thursday, September 7th. This is an increase from Conviviality PLC’s previous dividend of $4.20. The official announcement can be viewed at this link.
Conviviality PLC (LON:CVR) traded up 4.64% during midday trading on Monday, reaching GBX 332.75. 248,733 shares of the company were exchanged. Conviviality PLC has a one year low of GBX 173.50 and a one year high of GBX 343.48. The firm’s market cap is GBX 560.95 million. The firm’s 50-day moving average is GBX 319.75 and its 200-day moving average is GBX 276.33.
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CVR has been the topic of several analyst reports. Shore Capital reissued a “buy” rating on shares of Conviviality PLC in a report on Monday. N+1 Singer upped their price target on Conviviality PLC from GBX 290 ($3.79) to GBX 350 ($4.57) and gave the company a “buy” rating in a research note on Thursday, May 25th.
About Conviviality PLC
Conviviality Plc is a wholesaler and distributor of alcohol and impulse products serving consumers through its franchised retail outlets or through hospitality and food service. The Company’s activities consist of the wholesale and retail distribution of beers, wines, spirits, tobacco, grocery and confectionery within the United Kingdom to both the on-trade and off-trade market.
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