Castings PLC (LON:CGS) Plans Dividend Increase – GBX 11.40 Per Share

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Castings PLC (LON:CGS) declared a dividend on Wednesday, June 10th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 16th will be given a dividend of GBX 11.40 ($0.15) per share on Monday, August 17th. This represents a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, July 16th. This is a boost from Castings’s previous dividend of $3.48. The official announcement can be seen at this link.

Shares of CGS stock traded down GBX 11 ($0.14) during trading hours on Thursday, hitting GBX 378 ($4.81). 5,301 shares of the company’s stock traded hands, compared to its average volume of 2,096. The stock’s 50 day simple moving average is GBX 333.96 and its 200 day simple moving average is GBX 369.17. The stock has a market cap of $164.93 million and a PE ratio of 13.40. Castings has a 12 month low of GBX 274 ($3.49) and a 12 month high of GBX 452 ($5.75).

Castings (LON:CGS) last posted its quarterly earnings data on Wednesday, June 10th. The company reported GBX 23.05 ($0.29) EPS for the quarter, missing the consensus estimate of GBX 24.80 ($0.32) by GBX (1.75) (($0.02)). Equities analysts forecast that Castings will post 3320.0001725 earnings per share for the current fiscal year.

Separately, Peel Hunt reissued an “under review” rating on shares of Castings in a research note on Wednesday.

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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Dividend History for Castings (LON:CGS)

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