Clarkson PLC (LON:CKN) declared a dividend on Monday, March 11th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 16th will be paid a dividend of GBX 51 ($0.67) per share on Friday, May 31st. This represents a dividend yield of 2.25%. The ex-dividend date is Thursday, May 16th. This is a boost from Clarkson’s previous dividend of $24.00. The official announcement can be seen at this link.
Shares of CKN stock opened at GBX 2,395 ($31.29) on Friday. The firm has a market capitalization of $723.47 million and a price-to-earnings ratio of 24.29. Clarkson has a fifty-two week low of GBX 1,834 ($23.96) and a fifty-two week high of GBX 2,915 ($38.09).
In other Clarkson news, insider Peter Backhouse acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was purchased at an average cost of GBX 2,300 ($30.05) per share, with a total value of £23,000 ($30,053.57). Also, insider Andi Case sold 15,233 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of GBX 2,390 ($31.23), for a total value of £364,068.70 ($475,720.24).
A number of brokerages have issued reports on CKN. Liberum Capital reaffirmed a “buy” rating on shares of Clarkson in a research note on Friday, January 25th. HSBC began coverage on Clarkson in a research note on Tuesday, February 12th. They issued a “hold” rating and a GBX 2,600 ($33.97) target price for the company. Finally, JPMorgan Chase & Co. cut their target price on Clarkson from GBX 2,876 ($37.58) to GBX 2,787 ($36.42) and set a “neutral” rating for the company in a research note on Tuesday, March 12th.
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Clarkson Company Profile
Clarkson PLC provides integrated shipping services worldwide. It operates through four segments: Broking, Financial, Support, and Research. The Broking segment includes services provided to ship owners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as arranges principal-to-principal cash-settled contracts for differences based upon standardized freight contracts.
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