Castings PLC (LON:CGS) declared a dividend on Wednesday, June 12th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 20th will be paid a dividend of GBX 15 ($0.20) per share on Tuesday, July 23rd. This represents a yield of 3.36%. The ex-dividend date is Thursday, June 20th. This is a positive change from Castings’s previous dividend of $11.40. The official announcement can be accessed at this link.
Shares of LON CGS traded up GBX 19 ($0.25) during mid-day trading on Wednesday, hitting GBX 446 ($5.83). 26,744 shares of the stock were exchanged, compared to its average volume of 2,096. The firm has a market cap of $194.60 million and a price-to-earnings ratio of 20.09. Castings has a twelve month low of GBX 341 ($4.46) and a twelve month high of GBX 444 ($5.80).
Separately, Peel Hunt reissued a “buy” rating and issued a GBX 470 ($6.14) price target 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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