Castings PLC (LON:CGS) announced a dividend on Wednesday, June 12th, Upcoming.Co.Uk reports. Investors of record on Thursday, July 18th will be paid a dividend of GBX 11.40 ($0.15) per share on Tuesday, August 27th. This represents a yield of 2.56%. The ex-dividend date of this dividend is Thursday, July 18th. This is a positive change from Castings’s previous dividend of $3.38. The official announcement can be accessed at this link.
Castings stock traded up GBX 19 ($0.25) during midday trading on Wednesday, hitting GBX 446 ($5.83). The stock had a trading volume of 26,744 shares, compared to its average volume of 2,096. The firm has a market cap of $194.60 million and a P/E ratio of 20.09. Castings has a 12 month low of GBX 341 ($4.46) and a 12 month high of GBX 444 ($5.80).
Separately, Peel Hunt reissued a “buy” rating and issued a GBX 470 ($6.14) price objective on shares of Castings in a report on Monday.
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Castings Company Profile
Castings P.L.C. engages in iron casting and machining activities. It operates through Foundry Operations and Machining segments. The company offers ductile iron castings, spheroidal graphite (SG) iron castings, austempered ductile iron castings, simo castings, Ni-resist castings, and grey iron castings, as well as aluminum castings.
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