Castings PLC (LON:CGS) announced a dividend on Wednesday, June 12th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 18th will be given 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.
Shares of LON:CGS traded up GBX 19 ($0.25) on Wednesday, reaching GBX 446 ($5.83). 26,744 shares of the company traded hands, compared to its average volume of 2,096. Castings has a fifty-two week low of GBX 341 ($4.46) and a fifty-two week high of GBX 444 ($5.80). The company has a market capitalization of $194.60 million and a PE ratio of 20.09.
Separately, Peel Hunt reiterated a “buy” rating and set a GBX 470 ($6.14) price objective on shares of Castings in a research report on Wednesday, May 1st.
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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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